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.
You’re right, fixed just helped avoid sudden changes in first necessitating sudden rent changes.
I do feel like rent increases need to be examined closer for these situations, it’s absurd the average one bedroom in my city costs more than my mortgage and insurance on a whole house.