Listing prices for rental housing saw an annual increase of 15.4 per cent in September 2022, hitting an average of $2,043, a new report has found.
It’s the highest year-over-year increase in the average rent since April 2019 according to the most recent National Rent Report, compiled by Rentals.ca and Bullpen Research & Consulting. Rents in September across Canada were also 4.3 per cent higher than the previous month, the highest month-to-month increase since Rentals.ca began publishing its reports in 2018.
The report attributes this most recent increase to the recent completion of new purpose-built rental apartments with larger and more expensive units, as well as significant increases in rental demand.
“Rental demand has increased significantly with the continued interest rate hikes, falling ownership house prices and changing post-pandemic preferences,” Ben Myers, president of Bullpen Research & Consulting, said in a news release.
Every single province and territory (with the exception of Yukon and Nunavut, which were not included in the analysis) saw average rent rise in September 2022. The highest increases were seen in Nova Scotia, where the average rent rose to $2,453 across all property types, up 35.5 per cent from the previous year. Average rent in B.C. was $2,682, up 31.2 per cent, while Ontario’s average rent rose 18.4 per to $2,451.
The cheapest rentals could be found in Saskatchewan, where the average rent was $1,069 in September. Quebec and Manitoba saw the smallest year-over-year increases in average rent. In both of these province, average rent only increased 4.7 per cent.
The most expensive city to rent in was Vancouver, where a one-bedroom apartment was listed for an average of $2,590 in September. This was followed by Toronto, where one-bedroom rents sat at $2,472, and Burnaby, B.C., which had an average one-bedroom rent of $2,292.
London, Ont., had the steepest increase in average rent. The city saw average rent for a one-bedroom apartment increase 38.8 per cent in just a year. Calgary saw average rent for a one-bedroom increase 29.0 per cent, making it the city that saw the second-highest increase.
However, despite the increases, Calgary still ranks the 12th cheapest city to rent in among the 35 communities across Canada that were included in the analysis.
While cities around southern Ontario and British Columbia saw the priciest average rents, cities in the Prairies were among the cheapest. A one-bedroom apartment in Saskatoon cost an average of $980, making it the cheapest city to rent in. Laval, Que., was the cheapest city outside of the Prairies, with an average rent of $1,362 for a one-bedroom apartment.
However, the report says there are signs that the rental market could ease, pointing to data that showed that pageviews per listing on Rentals.ca have declined. The report also notes that demand for rentals is seasonal and is usually lower from November through February.
Arctic chill over north, central coasts of B.C.: Environment Canada – CBC.ca
Environment Canada is warning people who live on British Columbia’s central and north coasts to dress warmly to avoid frostbite and hypothermia as frigid conditions are expected to persist this weekend.
Arctic overflow warnings are posted for the North Coast, including Kitimat and Terrace, and for the inland sections of the Central Coast.
The weather agency says high pressure over the B.C. Interior will continue to push Arctic air out towards the coast, creating wind chill values that could make it feel as cold as -20 C, that are expected to persist until Monday.
It has also issued an extreme cold warning for Chilcotin near Puntzi Lake, with wind chill making it feel like -40 C, according to the forecaster. The conditions are expected to last until Sunday.
03:05 EnvCanada issued <a href=”https://twitter.com/hashtag/ExtremeCold?src=hash&ref_src=twsrc%5Etfw”>#ExtremeCold</a> warning <a href=”https://twitter.com/hashtag/PuntziMountain?src=hash&ref_src=twsrc%5Etfw”>#PuntziMountain</a> <a href=”https://twitter.com/hashtag/BCStorm?src=hash&ref_src=twsrc%5Etfw”>#BCStorm</a> <a href=”https://t.co/rBIRcgDIvB”>https://t.co/rBIRcgDIvB</a>
On Saturday afternoon, a special weather statement was issued for the Stuart-Nechako region due to elevated pollution levels.
The advisory covers the town of Vanderhoof, due to high concentrations of fine particulate matter. The forecaster says the statement will remain in place until weather conditions change.
A wind warning is also in effect for Howe Sound due to northerly outflow winds of 70 km/h, with potential for gusts reaching 90 km/h.
Meanwhile, the City of Burnaby says in a news release that it will be closing the emergency warming centre it opened Thursday during the cold snap with the return of “more seasonal weather” in the area, though it will continue to monitor the situation and re-open the shelter if necessary.
On Friday, special weather statements forecasted a dusting of snow overnight for Metro Vancouver, but those statements have since been rescinded.
U.K. egg shortage has stores placing purchase limits. Is Canada next? – National | Globalnews.ca – Global News
An egg shortage in the United Kingdom has Britons scrambling to find the beloved food staple on store shelves.
The U.K. is dealing with a massive outbreak of avian flu and is seeing many cases on commercial farms, impacting egg supply and also raising concerns of chicken and turkey shortages for the holidays.
Canada is also dealing with bird flu cases, so are eggs at risk of running short?
“I don’t think Canadians should be concerned. I think there will be plenty of eggs for the holidays,” said Sylvain Charlebois, director of the Agri-Food Analytics Lab at Dalhousie University.
“The big variable is the avian flu. We don’t know exactly how the flu will impact barns across the country.”
What’s going on in Britain?
As a result, grocers have imposed limits on how many eggs customers can buy to preserve inventory.
The British Retail Consortium told BBC News there were several factors influencing the egg market, including the avian flu, supply issues and production costs.
About 2.3 million birds have died or been culled since October, the BBC reported on Dec. 1, which could impact egg production if chickens are being culled too. The current bird flu outbreak is the largest on record in the U.K.
B.C. poultry and egg farmers increase safety measures to protect their birds from avian flu
Avian influenza, sometimes called bird flu, is a virus that infects birds. Outbreaks in commercial bird facilities most often occur when migratory birds carrying the disease come into contact with poultry.
The British Free Range Egg Producers Association (BFREPA) told The Guardian on Nov. 17 that egg shortages are also due to retailers not paying a “sustainable price” to farmers. Their hen feed costs have shot up 50 per cent since Russia’s invasion of Ukraine, which is a major global grain producer, and fuel bills have jumped 40 per cent, the outlet reported.
A BFREPA spokesperson told Reuters on Nov. 15 the industry is down 743,350 layers this season, as “a huge number of them are losing a significant amount of money and can’t afford to produce eggs anymore.”
Consumer Matters: Festive foods more expensive this holiday season
A BFREPA spokesperson told The Guardian it was hard to predict how long the shortages would carry on, but they see them continuing into the Christmas holidays. The BBC reported that British Environment Secretary Therese Coffey said the government is confident the nation will get through the difficulty in the short term, as there are nearly “40 million egg-laying hens available.”
Beloved Toronto metal music fan dies after three hospital visits in 10 days
Trudeau says assisted dying offers to veterans ‘unacceptable’ as cases mount
“There’s a lot of feuding going on right now in the U.K. In addition to that, you have the avian flu also impacting production and farms over in the U.K., which is actually the same thing in Canada. But the regime in the U.K. is much different,” Charlebois said.
“All farmers are left to figure things out on their own, whereas in Canada with our supply management regime, farmers are guaranteed a price no matter what. If the cost of production goes up, they’re properly compensated as a result. The system is very different, and as a country, we do have some autonomy when it comes to egg production.”
Is there an egg shortage in Canada?
Currently, there is no egg shortage in Canada, said Tim Lambert, CEO of Egg Farmers of Canada, in an emailed statement to Global News.
Canadian egg production happens across the country, allowing farmers to work together to maintain the domestic supply of eggs, he said.
If there is an avian flu outbreak impacting one region, egg production can be increased in other provinces to keep supply balanced and make up potential gaps.
Furthermore, he said, as Canadian eggs are typically produced on small family farms, there’s less of an impact of avian flu on the overall supply of eggs.
Russian war in Ukraine will affect grocery shelves
“However, it is important to note that avian influenza currently affects less than two per cent of the Canadian egg supply,” he said.
“For these reasons and more, there is no egg shortage in Canada, and we continue to work with our supply chain to navigate the natural demand cycle for eggs, which typically peaks during the November and December months of the year.”
The spread of avian flu has “been a concern,” this year, Charlebois said. Specifically in British Columbia, farmers in the Fraser Valley have been facing “intense disease pressure” from the avian flu in commercial farms that the agriculture minister says is concerning.
Avian flu outbreaks in Canada have had enormous economic tolls in the past. In 2004, 19 million poultry were culled as a result of outbreaks in B.C.
Avian flu outbreak taking heavy toll on B.C. farmers
As of Nov. 30, 795,700 birds have been impacted by the avian flu, federal government data shows. In Canada, 4,215,100 birds have been impacted to date.
The avian flu and higher feed costs for farmers are being reflected in the price of products at Canadian grocery stores, Charlebois said.
“All of that inventory is not reaching the market, so obviously you’re seeing poultry prices go up and egg prices also are going up,” Charlebois said.
“They’ve increased by 15 or 16 per cent so far this year, and we’re expecting more increases down the road. But in terms of access, I don’t think Canadians should be concerned. They’ll be plenty of eggs at the store waiting for them.”
— with files from The Canadian Press
China's COVID rules fuelling wave of immigration to Canada – CTV News
China’s zero-COVID lockdowns have been linked to a rare wave of protests across the country in recent weeks, and immigration industry experts say the strict pandemic rules are also fuelling a surge in requests to live in Canada.
Immigration from China has bounced back from pandemic lulls to hit a new peak, according to Canadian government statistics, and immigration consultants report an ongoing surge of inquiries.
Vancouver immigration lawyer Ryan Rosenberg, co-founder and partner at Larlee Rosenberg, said COVID-19 restrictions have been a new motivator for potential Chinese immigrants.
“I think that what we are seeing is that COVID lockdowns really shocked people and it caused people to think that maybe China is not a good fit for themselves and for their families.”
Rosenberg, who has been in the industry for more than 20 years, said the traditional driving forces for Chinese clients considering Canada were better education for their children, cleaner air and a healthier lifestyle.
Permanent resident admissions from China hit 9,925 in the July-to-September quarter, online statistics by Immigration, Refugees and Citizenship Canada show.
That is more than triple the pandemic low of 2,980 in the same quarter of 2020, and is also up 15 per cent from 8,690 recorded in the third quarter of 2019, before the pandemic hit.
Quarterly admissions from China are now higher than at any point since 2015, as far back as the online statistics go. A spokesperson for Immigration Canada was not available to confirm if immigration rates had been higher before 2015.
Politics is also a factor, Rosenberg said, citing the consolidation of power with President Xi Jinping, who was recently confirmed for a precedent-breaking third term.
“(The) latest extension of Xi’s rule in China has also scared certain people, mostly business owners … and they are wanting to look at Canada as an option for themselves and their family,” said Rosenberg.
“There is a strong vibe that we are picking up on people wanting to get out for those reasons more than anything.”
Tiffany, a Richmond, B.C., immigration consultant who only wanted her first name used for fear of reprisals against her family from China, said many of her clients say China’s zero-COVID strategy made them feel “their freedom and liberties have been stripped away.”
“Many could sense the pressure that (Chinese) society is shifting, from once being a bit open and relaxed to being strict, prompting them to think of escaping to other countries,” the consultant said in an interview in Mandarin.
Immigration consultant Ken Tin Lok Wong said his firm has also seen an increase in family reunion applications.
“Because of COVID-19, many decided to come here to visit their family members in Canada,” Wong said in an interview in Mandarin.
“After spending some time here, they realized that although they probably could make more money in their hometowns (in China), being close to family members is more important than anything in life.”
Rosenberg said the subject of immigration has become so sensitive that his clients in China are reluctant to discuss matters over electronic communication, fearing they might be monitored by the Chinese government.
“It’s coming to the point that the concern is getting in the way of people being able to have meaningful conversations about this in China, and that can somehow limit our ability to do really good work for them,” said Rosenberg.
China’s embassy in Ottawa did not respond to a request for comment.
The desire to leave China during the pandemic, combined with the caution of speaking about it openly, has sparked a coded term in Chinese online discussions: “run xue,” or run philosophy.
The bilingual term refers to studying ways to get out of China, and is widely used on Chinese-language websites and chat rooms.
A recent immigrant who moved from Beijing to Vancouver three years ago said he made his “run” for political reasons. He too asked not to be identified out of fear of reprisals from the Chinese government.
The engineer, who is in his late 30s, said he went on multiple trips to Taiwan after the island opened its doors to Chinese tourists in 2008.
“I remember, I stopped by at Freedom Square, a public plaza in Taipei, and saw some people running around carefree. Some were doing music rehearsals and others were even waving placards to express their political opinions,” he said.
“I didn’t see any police presence at the square and that was the awakening moment for me. I thought to myself: ‘Oh, I actually could live my life this way.”‘
He said he was now content with his life in Vancouver, despite feeling lonely during holidays and having to work multiple jobs to make a living.
Rosenberg said young immigrants with lots of work years ahead of them were favoured for their ability to contribute to the Canadian economy in a “meaningful and direct way.”
“So, the bias is towards people who are a bit younger, highly educated, and can speak English or French, and then having experience in Canada, (rather) than experience earned outside of Canada,” said Rosenberg.
This report by The Canadian Press was first published Dec. 4, 2022.
This story was produced with the financial assistance of the Meta and Canadian Press News Fellowship.
Food delivery robots hit Canadian sidewalks, but many challenges delay mass adoption – Business News – Castanet.net
Arctic chill over north, central coasts of B.C.: Environment Canada – CBC.ca
Ice Chips Brock Boeser Vancouver Canucks healthy scratch – TSN
Silver investment demand jumped 12% in 2019
Iran anticipates renewed protests amid social media shutdown
Search for life on Mars accelerates as new bodies of water found below planet’s surface
Media21 hours ago
Iran begins construction on nuclear plant: State media
Art21 hours ago
Diplo ‘Wins’ Art Basel Miami by Topping ATM’s Leaderboard
News19 hours ago
No winning ticket sold for Friday’s $15 million Lotto Max jackpot
Tech24 hours ago
The iQOO 11 launch has been rescheduled for December 8
News19 hours ago
Alberta changing sovereignty bill to reverse provision giving cabinet unchecked power
Real eState23 hours ago
How To Invest In Real Estate On A Budget
Investment23 hours ago
15 Most Famous Investment Gurus of All Time
News23 hours ago
Canada Post: Santa letters can be sent in any language