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Average national asking rents fall to $2,008 after largest drop in five years: report

  • Average national asking rents in Canada fell to $2,008 in March, marking a 5.3% decrease from March 2025, according to Rentals.ca and Urbanation.
  • This is the largest drop in nearly five years and the 18th straight month rents have declined year-over-year, with a 1.1% drop since February.
  • Asking rents for purpose-built apartments decreased 3.9% to $2,005 year-over-year, while condominium rents fell 6.9% to $2,077.
  • Urbanation president Shaun Hildebrand attributed the rent decreases to a declining population, affordability issues, economic uncertainty, and high apartment completions.
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14 Articles

Lean Left

The month of March saw the largest decrease in average rent demand in Canada in nearly five years, according to a new report.

·Montreal, Canada
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The Toronto StarThe Toronto Star
+7 Reposted by 7 other sources
Lean Left

Average national asking rents fall to $2,008 after largest drop in five years: report

A new report says March featured the largest drop for average asking rents in Canada in nearly five years.

·Toronto, Canada
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Bias Distribution

  • 86% of the sources lean Left
86% Left

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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, April 9, 2026.
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