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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
14 Articles
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
Read Full ArticleCanada rents fall for 18th straight month, Ontario sees continued decline
Rent prices across Canada continue to trend downward, according to the latest National Rent Report from Rentals.ca and Urbanation. The report shows the average asking rent declined 5.3 per cent year over year in March to $2,008, marking the 18th consecutive month of annual decreases. That figure represents the lowest national average in nearly three years and reflects a broader cooling trend across the rental market. Ontario is among the provinc…
·Northumberland County, Canada
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Total News Sources14
Leaning Left6Leaning Right0Center1Last UpdatedBias Distribution86% Left
Bias Distribution
- 86% of the sources lean Left
86% Left
L 86%
14%
Factuality
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