Average rent up more than 10% in July from previous year, report says

YOUR FINANCES

Why are apartment rental rates going up in Canada?

If you live in an apartment, then you've more than likely felt the effects of the dramatically increased rental rates in Canada. Personal finance contributor Christopher Liew explores some of the key factors contributing to the increased rental prices in Canada, along with some of the things that Canadians are doing to cope with the current market.

Condo towers dot the Toronto skyline as a pedestrian makes his way through the COVID-19 restricted winter landscape on Thursday January 28, 2021. THE CANADIAN PRESS/Frank Gunn