The average rent for a two-bedroom home across Canada increased to $1,167 in 2021, representing a 3% rise from $1,128 in 2020 and $1,080 in 2019. This trend was impelled by a supply-demand imbalance and by the different speeds that markets have recovered from the worst effects of the pandemic, said Bob Dugan, chief economist at the CMHC.
The increases were most prominent in Vancouver (up 2.4% to $1,824) and the Greater Toronto Area (up 1.5% to $1,666). # SANDI HALPERN # SOLD # LEASED # RENT
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