Locked income: These cities that defy the national trend star-news.press/wp

The average rental rent in the country has fallen in the fifth month – to reach $ 2088 in February – since July 2023, when they are studied by their lowest levels, rentals and urbination. But it falls into the city of Niagara, known for its famous falls, the rental prices jumped.

Last month, the price of an apartment in a room in this city of Ontario set $ 1753, with 6.9% in a year. For two bedrooms, the average income rose by 10.1% to reach $ 2132.

It is very expensiveQuinten has launched Melo, who lives in an apartment in San Katharines in the region of Niagara. The couple spent about $ 2,000 in rental.

The fact that two is difficult to reach both ends.

Their accommodation has three separate bedrooms, But it is the only room enough for usThe student at the University of Niagara says.

André Bourgelult, the regional estate broker says that the inventory of rental housing is very limited and many units left in the market.

There are not many places to live, he said. Finding all the nice place decorated, it will be quite expensive, and then there is a competition.

Today, Jacob Labonté, who lives in San Catharines, wants to find a house for rent in the fall of the Niagara to bring to his wife’s work.

The couple is waiting for a dog and waiting for a small boy in this fall, he wants to find a wider accommodation, with a patio, but it is a tedious process.

We have been looking for a house for about three months, he says. The prices we find are just through the ceiling. Also in the Niagara Falls region, new buildings are more than 3000 pia.

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André Borgeault believes that the fall of mortgage rates may alleviate pressures in the rental market. People can buy rentals and leaveHe believes.

And rebalancing Rental market

Rental apartments are still much more expensive than in Toronto and Vancouver’s Niagara Falls, there are rentals in these large metropolises.

In the state level, in February, the average income fell from 4.8% to another year, depending on rentals.ca and urbation report.

Maëlle Boulais-Préseault, the economist of Desjardins emphasized that immigration threshold dropped the demand in the rental market.

It is harder to find tenants by owners, so that’s why we start some rebalances, we are renting rentsHe explained.

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At the top of the largest Quebec and Lethbridge

But the situation is not uniform from one end of the country to another: some three-income income increases. In Quebec, for example, the average income (a room apartment) was denounced 12.1% in February, compared to a year before the year.

The economist explained that small number of records and increasing records increases sales prices, which also affects the rental market. There is no house for sale, so scaling starts againsays Maëlle Boulais-préseeult.

Those who wanted to access the property do not have the opportunity to rent the market, so it means that the demand for the rental market continues to growadded.

In Lethbridge, southern Alberta, an annual income increase was 10.1%. Rental reports.ca and urbanization maintains that the western Canadian fellows are increasing the fellows, and the biggest city seems to be losing momentum.

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In Guelfph, ontario, rents rose by 5% in a year. An apartment in a room is worth $ 2084 per month.

Cody St. Jacques real estate brokers show such policies up The housing of this region in terms of construction.

13 years ago the city center of Guelph is not as different as today. There are some new buildings, but not a lot. Waterloo, however, has changed a lot in 13 years. We built a lot thereHe said.

According to him, the migration effect of large urban centers like Toronto, is always much more expensive for tenants, always feels like in its regions.

And trade war?

The Canadian and United States fare would increase potential buyers in the real estate market, in the coming months in the rental market, said the Economists of the Desjardins Movement Masault.

Uncertainty comes to damage consumers and manufacturers.

For a consumer, should we do an important purchase in the coming months or not we lose our work? Maybe people will keep rent moreHe says.

Uncertainty about the customs of Trump Administration already has changes in customs between Canada consumers and companies that have a greater chance of reducing their expenses.