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Rental prices stabilizing

Apartment rates still rise 12.1 per cent year-to-year

By Dave Flaherty/The Oshawa Express

Apartment rental prices steadily rose in Oshawa last year, although there were no increases to finish off 2018.

According to a recent report from PadMapper, Oshawa is the ninth most expensive rental market in all of Canada.

The report, which analyzes hundreds of thousands of listings across 24 of the largest cities in Canada, indicates the price of a one-bedroom apartment in Oshawa in December was $1,200, the same as the previous month.

However, this represents a 12.1 per cent increase from the same time in 2017.

The median price for a two-bedroom apartment remained at $1,390, which was 11.2 per cent more than the previous year.

Toronto had the highest price for a one-bedroom at $2,260 while Vancouver was the most expensive city for a two-bedroom at $3,230.

The most inexpensive city for a one bedroom was Windsor at $730, and the cheapest option for a two bedroom was St. John’s, Nfld. at $890.

In November, the Ford government scrapped rental control measures for ‘new’ units put in place by the previous Liberal government.

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