Canadian rental prices fell 1.2% in October compared to the same time last year, marking the first time annual rents have declined since July 2021. Experts say the drop was due to Canadians moving to less expensive markets and a decrease in the number of international students.

#housing #canada #news

Watch The National live on YouTube starting at 9 p.m. ET

Subscribe to The National:
https://www.youtube.com/user/CBCTheNa...

More from CBC News | https://www.cbc.ca/news

The National is the flagship of CBC News, showcasing awardwinning journalism from across Canada and around the world. Led by Chief Correspondent Adrienne Arsenault and Ian Hanomansing, our team of trusted reporters helps you make sense of the world, wherever you are.