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In this episode, Canada's rental market experiences a shift as average leas stop by 0.8% from May to June, marking the largest decrease in three years. This pattern uses a twinkle of wish for renters looking for more budget friendly alternatives.
Likewise in this episode:
Canadians feel the monetary capture as earnings struggle to stay up to date with inflation.
Fed Chair Jerome Powell affirms on the economy, signifying no rate cuts till inflation enhances.
Ticketmaster faces reaction after a security breach exposes individual info, offering totally free identity monitoring as a response.
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Hilarious cope
Cherry picked data. Rent will increase again come fall when students return if not more to make up the summer. Plumbing, electrical, and cost of living remains high. Prairies are just correcting right now for new intakes, yes.
I believe your prediction will come true.
Dollars to donuts that the decrease is due to overpriced condos going empty.
dollars to Donuts shout out! Nice. 😊
Still higher than most mortgages…
True, right? Sad
@@beaviswealth yeh rent should range from 800 to 1500/mo tops…
Rents NEVER drop. EVER. Not true.
AVERAGE rent does, though.
Our rent in always going up and NEVER down, so I have no clue at all where all this ignorant data is being produced and by whom.
I’ve never seen rent drop. Probably a lie.
Wow
Everyone moved to Alberta now its going up here.
I built a craftsman one bedroom cabin on a half acre, ocean view, covered porch, great kitchen, bath , floor heat, etc, big patios, no other dwelling. The cabin value is 300,000 and the property would be 250 if it were bare. I often have people offering me 1000 a month to rent it from me It’s not worth it to me. it’s for my retirement property. I have rented a newer 3 bedroom 3 bedroom house before, after the knife marks and holes in the walls, etc I sold it after the only tenant moved to AB without telling me. I rent where I work but it is really old and tired It was too much effort to move and was a good location now at 2200 month. The peel and stick kitchen floor tiles and fence pickets wearing away. I replaced the bathroom with a laminate floor at my own time and expense. The landlord only has had to replace a hot water tank and a washer. The owner is so cheap, would not have me paint the exterior for 1000. It not for my plants in the summer it is a sad looking rental in the neighborhood. Luckily, retirement is at the end of the year. I am more in favour of multi unit apartment, condo and townhouses rentals by developers . A homeowner landlord renting a house just does not fit rental needs and are better suited as short term furnished leases. Renters need stable reliable housing situations, especially families where the least amount of inventory is available.
How 0.8 and every underwater mortgage speculator who is renting his/her house increases yearly the max he could or allowed of 2.5. Maybe in canada in a parallel world. Maybe.
i hope this is all correct!! good luck to all the renters out there!! great video Marc. Thank you