this post was submitted on 12 Aug 2023
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The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.

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[–] nueonetwo@lemmy.ca 5 points 1 year ago

Moved to the island in 2013 and 1br were 450 to 550, 2br 750 to 900. Right now I'm seeing 1br going for 1500 to 2k and 2br going for 1800 to 3k.

None of this makes any fucking sense, my income had tripled since I moved here, with graduating school and getting a good job, yet I'm still living like I was in 2015 making minimum wage.