Recent information from sources gave us some light on which Canadian real estate markets have the fastest growing rent prices and Canadian real estate markets that have declining prices of rent. Most investors are believed to have been targeting and investing in these markets while avoiding the other markets that are declining in their rental prices.
The top three housing and real estate markets in Canada are:
The housing and real estate market in the city of Kingston which is in the province of Ontario. It’s median rent price for a one bedroom house or condo went up by a percentage of 5.3 per cent every month. His is a price of $990. The median rent price a two bedroom home saw an increase up to a percentage of 2.6 per cent which is about $1,180. This is just in the city of Kingston, Ontario.
The city of Halifax in the province of Nova Scotia saw some spikes in the median rent prices of their real estate market. The price of a one bedroom house or condo went up by a percentage of 4.7 per cent this is an amount of $900 per month. A two bedroom house or condo went up by a percentage of 3.6 per cent and this is an amount of $1,140.
The last real estate market with trending rent prices is the real estate market of Kitchener, Ontario. This is quite a costly place to live in. The rent for a one bedroom increased by a percentage of 4.4 per cent which is an amount of $940 and the price for a two bedroom went up by a percentage of 1.7 per cent which Is not a median cost of !,170.
Three of the real estate markets which have been experiencing decline in their rental prices are:
The real estate and housing market on the city of Ottawa which a decline in its median rental prices by 2.8 per cent which is an amount of $1,050. However, the median rental price in two bedroom apartments saw no decline whatsoever.
The real estate market of Cagary saw decline in the median price of a one-bedroom home by 3.8 per cent which is an amount of $1,100. The median rent price for a two bedroom apartment saw a decline of 1.6 per cent and is now at a median price of about $1,270.
In the city of Oshawa, Ontario there was a decline in the rental prices of one bedroom homes, condos and apartments by a percentage of 1.6 per cent and is now at a price of $960.