Hire costs in Brampton proceed to rise however stay decrease than the remainder of the GTA, nationwide common

By Matt Dionne

Posted on October 14, 2021 at 9:26 a.m.

The common value of a one and two bed room house in Brampton continues to rise in response to the most recent knowledge from Leases.ca and Bullpen Analysis and Consulting.

In September, the typical value for a one-bedroom dwelling in Brampton rose to $ 1,622 per 30 days, a rise of two.6% from August and 0.5% yr over yr .

The common value for a two-bedroom unit hit $ 1,870 final month, a rise of two% from August, however a decline of 1.8% yr over yr.

In line with knowledge, Brampton was the fifteenth costliest place to hire amongst main Canadian cities for one-bedroom items and the 18th costliest for two-bedroom items.

Nonetheless, though costs proceed to rise in Brampton, they’re nonetheless beneath the nationwide common rental value, which rose 0.3% in September to $ 1,769.

As well as, the typical rental value in Brampton was the second lowest amongst all main cities within the GTA (the one metropolis with a decrease common was Oshawa) for one-bedroom items, and it was the bottom for 2 bed room items.

“September marked the primary time this yr that the typical hire in Canada was not cheaper than final yr, as rental charges proceed their upward development. Canada’s 10 largest municipalities have all skilled quarterly rental progress, displaying that the restoration isn’t regional however nationwide, ”Ben Myers, president of Bullpen Analysis and Consulting, stated in a press release.

“With employment returning to pre-pandemic ranges and immigration resuming, anticipate rental charges to proceed to climb slowly over the subsequent 18 months.”

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