According to data from SRX and 99.co., YoY rents in the Core Central Region, the Rest of Central Region, and Outside Central Region increased by 22.3%, 28.4%, and 28.7%, respectively.
Although compared to April 2023, rents are 0.6% lower. Condo rent for CCR and RCR also dropped 0.4%, and 1.7%, respectively. However, rents in OCR increased by 0.2% in May compared to the last month.
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When it comes to volumes, fewer condos were rented this month. Around 5,164 units were rented in May compared to 5,623 in April.
In May, rental volumes were 1.8% lower compared to May 2022, and 7.8% lower than the 5-year average volume for May.
By region, the majority of the total volumes are from the OCR at 36.3%, RCR at 33.2%, and CCR at 30.1%.
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