Annual rent in Vancouver rises to $3,171 in November

The average asking price for rental units in Canada saw an 8.4% increase year-over-year, despite remaining flat in November. The cost of a one-bedroom unit rose by 13.6% and a two-bedroom by 10.5% annually. Rent growth slowed in Vancouver and Toronto, while Edmonton surpassed Calgary. Montreal and Ottawa also experienced rent increases. The average price for shared accommodations in B.C., Alberta, Ontario, and Quebec hit a record $960.