

What a headline. Average rent fell by 5% in the year ending April which is a pretty big decline. It did not fall by 5% in April which had me wondering for a moment if I’d missed some catastrophic event putting an end to life as we know it much more quickly than expected.














The official numbers aren’t hard to find, so why not use ones that are directly comparable to the (probably wrong) claim you’re responding to?
So far this year the CPI is up by 1.5% (or 0.7% seasonally adjusted which would be a 2.8% annualized rate) over the three months they’ve measured so far as of the latest from statcan. The “shelter” component is up by 0.2%. The correspondence of those figures with the actual “cost of living” is somewhat dubious of course, and I too am curious where the 6.1% came from.
Edit: Had to correct the annualized rate because I am bad at numbers.