Quote:
Originally Posted by blankall
You're likely a bit sheltered from it living in Calgary, that saw a post-oil crash glut of rentals, but the majority of the country has been suffering an affordable rental crisis for quite some time, that dramatically worsened this year:
https://rentals.ca/national-rent-report |
Look at the first line chart though. The YoY increase is high because prices dropped in the first year of the pandemic. The current level is still 3% lower than 3 years ago, whereas purchase prices have gone up by about 60% in that same span:
