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Scorch and Surge: Ontario Faces Sweltering Heat and Successive Storm Threats

Ontario is bracing for a stretch of intense weather as Environment Canada issues heat warnings across multiple regions, paired with a forecast of multi-day storm risks. Temperatures are expected to soar past 30°C, with humidex values pushing conditions into the high 30s and low 40s. The sweltering heat poses increased risks to vulnerable populations, including seniors, young children, and those with pre-existing health conditions. Meteorologists warn that the heat won’t come alone. A line of unstable air sweeping across southern and central Ontario is expected to fuel daily thunderstorms through the weekend and into next week. These storms could bring heavy downpours, damaging winds, and isolated hail, further complicating the forecast. Officials are urging residents to take precautions: stay hydrated, limit outdoor activity during peak hours, and check in on neighbours who may be at risk. Pet owners are also reminded to avoid walking animals during the hottest parts of the day. The co...

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Average Rent in Canada Hits All-Time High in 2024

 

According to a report by Rentals.ca, the average rent in Canada has reached an all-time high of $2,178 per month, showcasing an 8.6% increase from the same period in 2022 . The report also notes that the rental market will remain undersupplied in 2024, though a shift toward greater balance is expected . Rent growth is projected to converge toward its five-year average of approximately 5% .

The increase in rental costs shows no signs of slowing down, with one-bedroom purpose-built and condo rentals seeing the biggest increase (+13% YoY), averaging $1,850 . The average rent for two bedrooms came in at $2,192, while for three bedrooms, the average was reported at $2,413.

The outlook for renters in Canada in 2024 is not very optimistic, as the rental market is expected to remain tight. However, the report suggests that the rental market will become more balanced in the coming years.


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