The average rent for residential properties in Canada dropped slightly in November, marking a 0.2% decrease from the previous month's record high. Vancouver had the highest average rent for a one-bedroom unit, followed by Burnaby. In the Greater Toronto Area, Toronto had the third highest average rent for a one-bedroom unit. Rents have increased annually by 8%, with the highest growth seen in one-bedroom apartments. Rent increases have started to slow in Vancouver and Toronto.
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