Average rent for new tenants went up more than 18% last year, CMHC says

[news]

https://i.cbc.ca/1.6726823.1674748706!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/rental-housing.jpg A surge in demand pushed Canada's rental market to its tightest level in two decades last year, with the vacancy rate in purpose-built apartments dipping below two per cent and rent for new tenants going up by 18 per cent.


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