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Average Asking Rents Fall Annually for 10th Straight Month to $2,121: Report (Canada)
CANADA, AUG 8 – The national average rent declined 3.6% year-over-year in July 2025, marking the largest drop this year and the tenth consecutive monthly decrease, according to Rentals.ca and Urbanation.
- Rentals.ca and Urbanation reported that Canada’s national average asking rent in last month fell 3.6% from a year earlier to $2,121, marking the 10th straight month of declines.
- Amid a record supply surge, Canada’s rental market is softening as reduced immigration lifts vacancy rates and forces landlords to lower rents, said David Aizikov.
- Leading provinces in rent declines include Nova Scotia with a 5% drop, British Columbia with 4.4, and Ontario with 3% to $2,325.
- As a result of falling rents, the $80 year-over-year decrease improves affordability for renters and creates tougher conditions for investors, with rents falling in four of Canada's six largest cities.
- Data shows average asking rents remain two per cent above 2022 levels, with Saskatchewan leading long-term growth at four per cent annually over three years.
12 Articles
12 Articles
The national average rent requested decreased by 3.6 per cent in July compared to the previous year.
The national average rent requested decreased by 3.6% in July from the previous year to $2121. This is the tenth consecutive month of a year's decline and the largest decrease of 2025 to date.
Average asking rents fall annually for 10th straight month to $2,121: report (Canada)
The national average asking rent in July fell 3.6 per cent from a year earlier to $2,121, marking the 10th straight month of year-over-year decreases and the largest drop of 2025 so far. The latest monthly report from Rentals.ca and Urbanation says asking rents held roughly steady in July on a month...
Average asking rents fall annually for 10th straight month to $2,121: report
TORONTO — The national average asking rent in July fell 3.6 per cent from a year earlier to $2,121, marking the 10th straight month of year-over-year decreases and the largest drop of 2025 so far. The latest monthly report from Rentals.ca and Urbanation said asking rents held roughly steady in July on a month-over-month basis, […]
Canadian Rent Decline "Compounding" As July Sees 3.6% Year Over Year Drop
Midway through what Rentals.ca is calling an "uneventful summer," the latest national rent report from the real estate listings and data platform reveals rents continued to fall in July. While dipping a nominal $4 from June, national average rent fell 3.6% year over year from $2,201 to $2,121, marking the 10th consecutive month of annual rent decline.The $80 difference represents a continued cooling trend that took hold last fall and that has me…
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