Rental prices falling as the year winds to a close in Mississauga
Rent might not be cheap in Mississauga, but the city’s condo and apartment units aren’t putting as much of a dent in tenants’ wallets as they were this time last year.
In fact, Rentals.ca’s and Bullpen Research & Consulting’s latest National Rent Report says that rental rates are down 13 percent year-over-year in the city. This time last year, the average monthly rent was up 9 percent year-over-year.
According to the report, Mississauga came in fourth on the list of 35 Canadian cities for average monthly rent for a one-bedroom home at $1,877 and seventh for average monthly rent for a two-bedroom at $2,150.
Year over year, the average monthly rent for a one-bedroom was down 5.6 percent and 10.2 percent for a two-bedroom.