From Global News.

A new analysis from Rentals.ca found that Halifax’s average asking rental price has overtaken Ontario markets like Kingston and the East York area of Toronto. In March, the average asking price was $2,269. The report says the national asking average fell to $2,030 in February, down 2.8 per cent year over year.

“When people aren’t buying homes, they’re flooding to rentals, and then that increases the prices of rentals to the point where it’s just unaffordable,” said Giacomo Ladas, Rentals.ca’s associate director of communications.

Despite working two jobs, Megan St. Rose said she couldn’t find anything in her price range after living in the city for a decade with five roommates and paying $1,000 a month for a single room.

“It’s just becoming unlivable,” she said, adding that she was running into more people who were in a similar position to hers.

Mitchell Bailey has more.

For more info, please go to https://globalnews.ca/news/11741897/halifax-rental-prices-rising-people-leaving-city/

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