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Asking rents in Canada fell two per cent year-over-year in January to an average of $2,057, marking the 16th consecutive month of annual rent decreases.

The national average asking rent in April was down year-over-year for the seventh straight month at $2,127, marking a decrease of 2.8%.

Average asking rents nationally were down 4.8% year-over-year in February, reaching the lowest level since July 2023.

Rents in Canada continue to decline, marking the fourth straight month of decreases and the lowest national average in 18 months, according to the latest National Rent Report ... More