After months of searching, the biology student thought she finally found a place in mid-July, but once she delivered a deposit and signed a lease, she discovered the landlord had taken on too many tenants.
Some of the surge is attributable to a rebound in immigration rates and people returning to city centres for work just as a drop in home sales and prices have spooked some sellers into renting out their properties instead. Rentals.ca found average rents in Canada amounted $1,934 in July, an increase of 10.4 per cent since last year and only $20 below the pre-pandemic peak of $1,954 in September 2019.
“I’m going to have to negotiate even harder for a higher salary or look for a co-op that provides more just because I don’t think I’ll be able to keep up with the rent,” he said. “Since I work night shifts, there are times I was there until 4 a.m. and the next morning again, I had to go to school,” she said.
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