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rent growthtorontosun
•Business
Business & Economics
78% Informative
The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year .
Canada ’s supply of purpose-built rental apartments grew 4.1 per cent year-over-year, the highest increase in more than 30 years .
The average rent for a two -bedroom apartment grew 5.4 per cent to $ 1,447 , compared with an eight per cent increase in 2023 .
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89
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English
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