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The median monthly rental price for a single-bedroom unit in the city grew by 1.9 per cent in June to an average of $1,239. The average two-bedroom unit grew by 0.5 per cent to $1,537, according to a report released this week by Rentals.ca and Bullpen Research and Consulting.
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Paul Danison, a spokesman for Rentals.ca, said with COVID-19 cases dropping, restrictions easing and people returning to normal life, demand is beginning to rise. He said he expects prices to continue to grow marginally in the coming months as students begin to move and immigration picks up.
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