US EditionAverage rents dip 2.3 per cent in August, continuing downward trend
Average rents in Canada dropped 2.3% in August 2025 due to increased rental supply and softened demand from lower immigration, marking 11 months of consecutive year-over-year declines.
- The average rental rate across Canada was $2,137 in August, a 2.3% decline from a year ago, though up 1% from 2023, according to a report by Rentals.ca and Urbanation.
- Rents have been declining due to reduced immigration rates and a wave of new condo completions entering the market.
- Significant rent decreases were seen in Vancouver , Calgary , and Toronto compared to August of the previous year.
21 Articles
21 Articles
NiagaraFallsReview.ca
Average rental prices in Canada down in August from a year ago but Ontario cities still among highest
A report from Rentals.ca and Urbanation shows August asking rents were lower than a year ago, but higher than a month earlier.
Winnipeg Free Press
Average rents dip 2.3 per cent in August, continuing downward trend
Breaking News, Sports, Manitoba, Canada
TORONTO — A new report indicates that the average rent requested decreased in August compared to the previous year, marking 11 consecutive months of decline. Rentals.ca and Urbanation report states that the average rent in Canada was $2,137 for the month, a 2.3% decrease from the previous year, but still up 1% from 2023. Rents are down due to the reduction in immigration rates by the federal government, which slowed population growth, and the ar…
The average rent in Canada was $2137 for the month. The post 2.3% drop in average rents in August appeared first on Les Affaires.
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