This is a Canada news story, published by torontosun, that relates primarily to Rishi Sondhi news.
For more Canada news, you can click here:
more Canada newsFor more Rishi Sondhi news, you can click here:
more Rishi Sondhi newsFor more real estate & housing news, you can click here:
more real estate & housing newsFor more news from torontosun, you can click here:
more news from torontosunOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like real estate & housing news, you might also like this article about
rent growth. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest average rent news, rental market news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Rental pricestorontosun
•84% Informative
Experts say rental market across Canada seems poised for a cool-down in 2025 as more supply opens up and some look to buy their first home.
Average asking rents fell 3.2 per cent nationally to $ 2,109 in December year -over-year, marking a 17-month low.
Experts point to a number of factors at play, including economic and labour challenges.
TD economist Rishi Sondhi predicts purpose-built rent growth will ease to a range of 3 to 4% this year .
CMHC said total number of housing starts in 2024 rose 2 per cent compared with 2023 .
The country’s six largest census metropolitan areas saw a combined drop of 3 per cent in 2024 .
“We’re going to see long-term undersupply of units continue,” Ladas said.
The coming period of slower population growth is a “golden opportunity for Canada to catch up”.
VR Score
87
Informative language
85
Neutral language
70
Article tone
informal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5
Affiliate links
no affiliate links