How much does it cost to rent a home in Canada?

The average monthly cost of renting a home in Canada surpassed $2,000 for the first time ever in November, according to a report released Wednesday. The data shows that Canadian renters are dishing out an average of $2,024 every month to keep a roof over their heads. The figure covers all types of housing from bachelor apartments to detached homes.

How much does a house cost in Montreal?

In Montreal, the average home costs less than half of an average home in Toronto. Renting: $1,489 monthly for a one-bedroom apartment; $1,952 monthly for a two-bedroom apartment Buying: $573,100 average price, with monthly mortgage payments of about $3,201

How much does it cost to live in Toronto?

Home to almost 2.8 million people, Toronto is Canada’s most populated city and is the second most expensive when it comes to housing. Compared to 2021, the city has seen a whopping 30 per cent increase in buying prices. Renting: $2,065 monthly for a one-bedroom apartment; $2,849 monthly for a two-bedroom apartment

How much money will Canada spend on affordable housing?

That's why the government has a plan to invest $2.5 billion, and reallocate $1.3 billion in existing funding to speed up the construction, repair, or support of 35,000 affordable housing units. And, the government will introduce Canada's first national tax on vacant or underused residential property owned by foreign non-residents.