The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
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August would be the high demand month because of university rentals. December and May low with dropouts and graduations.
Historically what’s August increase vs July? Specifying past 8 months send l seems to be aimed at ignoring the usual university demand.
Isn’t this report showing year over year increases?
Y/Y is year over year. M/M is month over month
It has m/m and y/y