Canada saw its first annual rent decrease since the pandemic, with Toronto rents falling 7.1%. The national average dropped 3.2% to $2,109, though rents remain 16.8% higher than five years

The Toronto Star

Toronto

Ontario

Canada

2024 saw average rents fall for the first time since the pandemic, report says

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report.

Ad Fontes Media

All Sides

Media Bias/Fact Check

CBC News

Government of Canada

Average asking rents hit a 17-month low across Canada in December

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report.
A monthly report from Rentals.ca and Urbanation says average asking rents across Canada were down 3.2 percent from the same month last year, as December marked the fifth consecutive month of declines.
The report says the decline in average asking rent prices last year followed growth of 8.6 per cent in 2023 and…

The Epoch Times

Epoch Media Group

New York

United States

Average Asking Rents Declined to 17-month Low Across Canada at End of Year: Report

Torstar

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report. A monthly report from Rentals.ca and Urbanation says average asking rents across Canada were down 3.2 per cent from the same month last year, as December marked the fifth consecutive month of declines. The report says the decline in average asking rent prices last year followed growth of 8.6 per cent in 2023 an…

World ABC News

As rents decline across Canada, Mississauga continues to be one of the most expensive places to live. Average asking rents for all residential property types in Canada dropped 3.2 per cent in 2024, reaching a 17-month low of $2,109 in December, according to the latest National Rent Report from Rentals.ca and Urbanation. In Mississauga, one-bedroom apartments dropped 4.6 per cent to $2,263 from December 2023 to December 2024, according to the rep…

insauga

Rents drop 4.6% but Mississauga still one of the most expensive places in Canada

The average rent for an apartment in Canada dropped 3.2 per cent in 2024, the first such decline since the onset of the pandemic in 2020.

Penticton Herald

Glacier Media

Apartment rents drop, first time since COVID

Daily Courier

Western News & Info

Rents drop for first time in five years

A monthly report from Rentals.ca and Urbanation says average asking rents across Canada were down 3.2 per cent from the same month last year, as December marked the fifth consecutive month of declines. The report says the decline in average asking rent prices last year followed growth of 8.6 per cent in 2023 and 12.1 per cent in 2022, with rents still 16.8 per cent higher than they were five years ago. Barrie's News Delivered To Your InboxStay u…

Barrie 360

Average asking rents declined to 17-month low across Canada at end of year

TORONTO — Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report. A monthly report from Rentals.ca and Urbanation says average asking rents across Canada were down 3.2 per cent from the same month last year, as December marked the fifth consecutive month of declines. The report says the decline in average asking rent prices last year followed growth of 8.6 per cent …

1059theregion.com

Average asking rents declined to 17-month low across Canada at end of year: report – 105.9 The Region

The latest rent report from Apartment List shows that the national median monthly rent growth in December was -0.64 percent. Rents have fallen on a month-over-month basis since August 2024. Year-over-year rent growth was -0.55 percent. Apartment List reported the national median apartment rent to be $1,373, down $8 from last month’s revised figure. Charting […] The post Rents in winter chill appeared first on Yield PRO.

2024 saw average rents fall for the first time since the pandemic, report says

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