Market Update week ending June 18th

21 June 2021
Eileen Wylie

The average monthly rents are up in Canada. The first increase in half a year. After six straight months of declines, the average monthly rent for all Canadian properties in May grew by 2% month-over-month to $1,708 according to Rentals.ca and Bullpen Research in their latest National Rent Report. This marks the first time the average monthly rental rate experienced its first month-over-month increase since October of last year.


Market update week ending June 11th

14 June 2021
Eileen Wylie

Toronto-area home sales showed a slight cooling in May, which is traditionally the hottest month on the real-estate calendar. But home buyers were still feeling the heat last month as the average price for all types of houses and condos hit a record of $1.11 million — 28.4 % above May 2020.