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Wood Buffalo rent rises again
Rent prices in Wood Buffalo have gone up again, this time renters here paying more than double the province.
During April, Wood Buffalo renters paid an average of $2,020 a month ` up from the same time last year at $1,968, according to Canada Mortgage Housing Corporation's rental market survey released Thursday.
The provincial average is $941.
And that, coupled with rising demand on the rental market, will push rent prices even higher in the future, said a market analyst with CMHC.
Fang Qin said this is the first instance of rental rate increase in two years.
Read the full article here.
Rent prices in Wood Buffalo have gone up again, this time renters here paying more than double the province.
During April, Wood Buffalo renters paid an average of $2,020 a month ` up from the same time last year at $1,968, according to Canada Mortgage Housing Corporation's rental market survey released Thursday.
The provincial average is $941.
And that, coupled with rising demand on the rental market, will push rent prices even higher in the future, said a market analyst with CMHC.
Fang Qin said this is the first instance of rental rate increase in two years.
Read the full article here.