Canada

This is the best summary I could come up with:

That's according to the latest rental price report released by Rentals.ca and Urbanation that analyzes monthly listings from the former's network.

The report said rent inflation in Canada is being driven by price increases in Alberta, Quebec and Nova Scotia, in part because of strong population growth and large infusions of new rental supply priced at above-average market rents.

Out of Canada's largest cities, Calgary topped the list in annual rent growth for apartments for the ninth straight month.

Asking rents for purpose-built and condominium apartments in Calgary rose 14.7 per cent year-over-year to reach an average of $2,093, while Montreal was in the second spot with annual rent growth of 10.2 per cent, for an average of $2,046 in October, the data shows.

He noted a major factor driving up rent prices is the trend of fewer people looking to become homeowners, given the ongoing climate of high interest rates.

One-third of Canadian households are renters, the rate for which is growing twice as fast as it is for homeowners, he added.

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