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Average asking rents down annually for seventh straight month at $2,127: report

In April 2025, the average asking rent across Canada dropped to $2,127, continuing a year-over-year decline for the seventh consecutive month.
This decline, driven by a 2.8% year-over-year decrease, follows an increase in rental supply that improved affordability for renters.
Rents in Ontario fell 2.7%, the largest provincial drop, while Alberta, Quebec, and B.C. Saw smaller declines, and rents rose 0.4% from March.
Shaun Hildebrand, president of Urbanation, attributed the recent improvement in rental affordability to an unprecedented influx of new rental units becoming available.
These trends suggest the rental market is showing early signs of stabilizing as average rents remain lower than earlier in 2024 despite being 6.2% above two years ago.

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Average asking rents down annually for seventh straight month at $2,127: report

TORONTO — The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8 per cent. The latest data from Rentals.

18 hours ago·Barrie, Canada

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Mortgage Rates & Mortgage Broker News in Canada

Average asking rents down annually for seventh straight month at $2,127: report - Mortgage Rates & Mortgage Broker News in Canada

The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8%.

14 hours ago

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Investment Executive

Average asking rents down annually for seventh straight month

Prices are still 6.2% higher than they were two years ago The post Average asking rents down annually for seventh straight month appeared first on Investment Executive.

16 hours ago

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insauga

Rents in Canada up slightly in April with Hamilton and Ajax seeing big jumps, Toronto in decline

Rents across Canada are climbing ever so slightly, reaching a five-month high and marking the second straight month of gains, but down 2.8 per cent year-over-year, according to the National Rent Report from Rentals.ca and Urbanation. “The rental market in Canada has shown some early signs of stabilizing this spring with rents moving higher over the past two months,” said Urbanation President Shaun Hildebrand. “Renters are starting to take advant…

17 hours ago

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