👉A recent survey revealed that the average rent in Canada has reached an all-time high, causing financial strain for renters nationwide. In May, the average rent for a residence hit a record $2,202, reflecting a 9.3% increase from the previous year and a 0.6% rise from the previous month, according to a report by Urbanation and Rentals.ca. Key Findings: Two-Bedroom Apartments: Average asking rent rose to $2,334, up 12.1% from last year. One-Bedroom Apartments: Average asking rent reached $1,927. Province-Wise Average Rent: Ontario: One-bedroom apartments average $2,479, making it one of the most expensive provinces. Quebec: Average rent is $1,999, below the national average. Alberta: Rents increased by 17% year-over-year to $1,787. Atlantic Canada: Average rent is $2,067, up 15% from last year. Saskatchewan: Leading the increase with a 21.4% rise to $1,334. The report highlights the overall rise in purpose-built apartment rents, which increased by 13.7% to $2,146, and condominium apartment rents, which grew by 3.4% to $2,312. The rental market shows significant year-over-year growth in every province.✅ . 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐋𝐚𝐰 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐋𝐚𝐰 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐋𝐚𝐰 𝐒𝐢𝐦𝐦𝐢 𝐂𝐡𝐚𝐜𝐤𝐨 𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐚𝐥 𝐋𝐚𝐰𝐲𝐞𝐫, 𝐂𝐡𝐚𝐜𝐤𝐨 𝐋𝐚𝐰 📲+𝟏 𝟒𝟏𝟔-𝟓𝟎𝟗-𝟗𝟓𝟎𝟖 📧𝐬𝐢𝐦𝐦𝐢@𝐜𝐡𝐚𝐜𝐤𝐨𝐥𝐚𝐰.𝐜𝐚 @chackolaw.ca . . #CanadaRent #HousingCrisis #Urbanation #RentalsCA #OntarioRent #QuebecRent #AlbertaRent #AtlanticCanadaRent #SaskatchewanRent #mnm #malayalisnearmeapp #canadaupdate #canadanews