The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
To be fair, St. Catherines has lower unemployment than Montreal. It may not be as fun, but people will also pay to be able to access work.
Oshawa, though… Yeah, that doesn’t make sense. Toronto and area has the highest unemployment rate in the entire country, save Cape Breton and Newfoundland. You aren’t going there for jobs… or fun.