Rising interest rates driving up cost to rent in Oakville and Burlington

Rent prices in Oakville and Burlington are on the rise due to increasing interest rates. Average rents in Canada are up 20% over the last two years and 1.4% from May to June. The average monthly rent for a one-bedroom home in Burlington was $2,215 in June and $2,528 in Oakville. The Bank of Canada's interest rate hike of 25 points to 5% is expected to further increase rents.

Continue to full article

Scroll to Top