Strong population growth helped push up asking rents https://www.bankofcanada.ca/?p=255875 Change in rental households Change in rental households Change in rental stock Change in rental stock Change in financing rates Change in financing rates City-specific factors City-specific factors Unexplained factors Unexplained factors Year-over-year growth in asking rents Year-over-year growth in asking rents 3.8-2.2-2.62.35.46.7 2.3-2.1-2.62.35.45.3 0.9-2.2-2.62.43.41.8 0.6-2.3-2.62.40.1-2.0 0.7-2.30.02.4-3.8-3.0 1.8-2.50.02.4-3.1-1.5 3.0-2.50.02.4-3.3-0.4 3.3-2.50.02.42.45.5 4.1-2.60.42.43.17.4 5.3-2.42.22.42.09.4 6.6-2.55.32.43.315.1 7.9-2.67.02.41.115.8 8.7-2.67.02.40.315.8 9.5-2.75.72.4-0.514.4 9.9-2.73.12.4-1.511.1 10.1-2.61.32.4-1.39.8 9.9-2.70.92.4-2.77.7 8.6-3.00.02.4-1.96.1 6.5-3.0-1.32.4-1.92.6 4.6-3.3-3.12.4-1.9-1.2 3.0-3.2-4.02.4-0.2-1.9 1.9-3.1-3.52.4-0.7-3.0 1.4-3.0-3.12.4-0.2-2.5 0.9-3.1-1.82.4-0.3-1.9 0.5-3.1-0.92.4-0.9-1.9 0.0-3.1-0.92.4-1.0-2.5