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Average asking rents in Canada fell year-over-year every month of 2025: report
Record-high apartment completions and slower population growth led to a 3.1% decline in average rents in Canada in 2025, the largest drop since the pandemic, Rentals.ca and Urbanation reported.
- Average asking rents in Canada fell 2.3% year-over-year in December 2025 to $2,060, marking a full calendar year of declines.
- When measured across the full year, average asking rents in Canada declined 3.1% in 2025, a larger annual drop than during the COVID-19 pandemic.
- Urbanation president Shaun Hildebrand said record-high apartment completions, population growth slowing, economic uncertainty and affordability challenges pushed down rents in 2025.
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18 Articles
18 Articles
Rents claimed in Canada decreased by 2.3% from year to year in December, to an average of $2060, marking a full calendar year of decline, with prices reaching their lowest level in 30 months.
·Montreal, Canada
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Coverage Details
Total News Sources18
Leaning Left9Leaning Right0Center5Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 36%
Factuality
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