this post was submitted on 30 Aug 2023
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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 2 years ago by sik0fewl@kbin.social to c/canada@lemmy.ca
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According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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[–] Kichae@kbin.social 8 points 2 years ago (1 children)

Almost double mine. Meanwhile, my home's value has increased by like 50% since 2019. It's insane, untenable, and unjust.

[–] Killing_Spark@feddit.de 2 points 2 years ago

Right? Basically everything you buy to actually use does not appreciate in value over time. I get that mortgage is lower than rent because every problem with the house is your problem which also cost money. But it's insane to me that after you payed your mortgage you basically have more value than you paid for.

But honestly, good on you.