Average asking rents fall over 4% in June compared to last year, new report says
Purpose-built apartment rents fell 3.1% and condominium rents dropped 6.8%, according to Rentals.ca and Urbanation.
- Canada's average asking rents fell 4.3 per cent in June to $2,033, marking the 21st consecutive month of year-over-year declines, according to a report from Rentals.ca and Urbanation.
- The pace of decline is slowing compared to previous months, with prices ticking up 0.2 per cent on a month-over-month basis from May, after dropping 5.3 per cent in March and 4.7 per cent in April and May.
- British Columbia and Ontario posted the largest year-over-year drops at 5.3 per cent each, bringing average rents to $2,377 and $2,233, while Atlantic Canada saw prices rise 5.3 per cent to $2,271.
- Purpose-Built apartment rents fell 3.1 per cent to $2,034, while condominium apartment rents decreased 6.8 per cent to $2,058, with smaller declines among larger unit types nationally.
- Rental vacancies hit a five-year high across the Greater Toronto and Hamilton Area, while June marked the lowest national asking price for the month in four years.
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Saanich News
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Asking rents in Canada fall more than 4% from last year, according to report
A report from Rentals.ca and Urbanation says Canada saw its 21st consecutive month of year-over-year declines in rent. British Columbia and Ontario saw the biggest drops, while Atlantic Canada rents rose.
The rents requested in Canada continued to fall last month compared to the same period of the previous year, with a new report setting the average rent at $2033 for the month of June.
The Toronto Star
Average asking rents fall over 4% in June compared to last year, new report says
Asking rents in Canada continued to sink lower last month compared with a year ago, with a new report pegging the average cost at $2,033 for June.
Average asking rents fall over 4% in June compared to last year: report
Asking rents in Canada continued to sink lower last month compared with a year ago, with a new report pegging the average cost at $2,033 for June. The latest monthly analysis from Rentals.ca and Urbanation says that’s down 4.3% from June 2025, marking the 21st consecutive month of year-over-year declines. Prices ticked up 0.2% on a month-over-month basis from May. Asking rents for purpose-built apartments fell 3.1% year-over-year to an average o…
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