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Canadians paying $2000 per month on average in rent: report

The average price for rental accommodation in Canada has surpassed two-thousand dollars a month for the first time.

A report published by the website Rentals.ca finds the cost of rentals as of September was more than 15 percent higher than a year earlier.

The highest increases were found in B.C., Ontario, and Nova Scotia.

The company added changing preferences in a post-COVID world, increased demand, plus rising mortgage rates, drove the increase in rental prices.

with files from Vista Radio newswire

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