Community Dashboard: Residential rent average (all home types)
Current
$1,397
Previous
$1,329
Preferred trend
Not applicable
Reporting date
Oct. 31, 2024
Rationale and analysis
How we measure this data
As defined by Canada Mortgage and Housing Corporation in their Rental Market Report.
Progress and advancements
The residential rent average has continued to increase year-over-year, with an increase from $1,199 in October 2022, to 1,329 in October 2023 and most recently to 1,397 in October 2024.
About this indicator
This indicator reflects the annual average residential rent for all home types in Niagara, including apartments, townhomes and detached houses.
© Niagara Region - 1815 Sir Isaac Brock Way, Thorold, ON, L2V 4T7 - Phone: 905-980-6000, Toll-free: 1-800-263-7215
