Brampton has the fastest rising average rental costs in Canada, new report finds

According to a new report from and Urbanation, the City of Brampton saw a 21.6% increase in average rent in August 2023, compared to the previous year. Richmond, B.C. and Oakville, Ont. also saw noteworthy increases in average rent, with Brampton ranking fifth in Canada's most expensive cities. Toronto rental market saw an 8.7% increase in August 2023, with an average cost of $2,620 for a one-bedroom and $3,413 for a two-bedroom. The federal government recently announced a new housing approach to drive down costs for renters

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