Annual average monthly rent increase in Halifax from 2017 to 2024
This data reflects rents as of March 31 each year. It shows "same-property" increases which exclude effects from buying or selling buildings each year. The average may encompass different sizes of rental units.
This chart shows that average rent increases for Killam Apartment REIT hovered around 4% from 2020 to 2023 before jumping up to 5.7% in 2024. In 2022 and 2023, CAPREIT's average monthly rent increased by about five and a half per cent. In 2024 that rose to 7.2%.
