Rentals.ca Network

While the average asking rent continues to decline in Canada, the trend is primarily driven by larger price reductions in the highest-cost markets. More affordable markets have been relatively flat, or even increasing, leading to a narrower range of rents nation-wide.

Average asking rents in Canada fell to $2,074 in November, down 3.1% from a year ago, according to @Rentalsdotca and @Urbanation. This marks the 14th consecutive month of annual declines. #RentPrices #Rentals #CdnRealEstate canadianmortgagetrends.com/2025/12/averag…

@MikePMoffatt @PlannerSean @ChrisSpoke You think there's enough meat on this bone for a podcast episode? The data team could probably pull some info on this, especially for newer builds. We have noted outsized demand for 3BR units (more space), but also studios (most affordable).

@PlannerSean @ChrisSpoke We're seeing an increased proportion of studios, but I'm not sure if they're getting *that* small. I'll dig around and see what I can find.

New MMI piece: We look at the 3.5 million people in Canada who live in a home that is too small to meet their needs, and how a mismanaged push by governments and urban planners towards densification is at odds with the human right to housing. Read here: missingmiddleinitiative.ca/p/families-are…

Average asking rents fall again in July to $2,121, report says theglobeandmail.com/real-estate/ar…

Finding the perfect rental home is more difficult than ever. The Globe’s first annual Best Places to Rent guide is a resource to navigate the country’s hottest markets, compare communities and plan for a stable future. View the guide at tgam.ca/RenterFriendly….

Check out more details on our blog: rentals.ca/blog/lower-pri…

Rents around Canada’s biggest universities are cooling as international student numbers drop. 📉 New #RentalsCA data shows the cost of renting a 1-bedroom near major campuses. #CanadianHousing #StudentRentals #UniversityHousing #CanadaRealEstate #HousingMarket

Check out the full conversation on our YouTube channel: youtu.be/F3pGGq00Y9Y

🎓 Student visas down 40%. New arrivals down 70%. The #RentalsCA team found larger rent declines and fewer leads near campuses, giving students more choice in 2025. #DataDive #StudentHousing #CanadianHousing

Learn more at our National Rent Report: rentals.ca/national-rent-…

The decline in the national average has been driven primarily by the largest, most-expensive cities, while the most affordable cities have seen rising rents. Overall, rents in Canada have been converging, with less price difference between the lowest and highest average rents.

Rents in Ontario continue to fall year-over-year, with the provincial average asking rent in September 2025 down 2.9% from the same time last year. Check out the full National Rent Report for more details! #canadarentals #rentalsCA #canadapartments #canadarealestate

Rents in Canada continue to fall year-over-year, with the national average asking rent in September 2025 coming in slightly lower than it was in September 2023. Check out the full National Rent Report for more details!

See what's new in your city at Rentals.ca

CMHC’s new housing report highlights a shift toward purpose-built rentals and smaller-scale apartment projects nationwide.

@JoshuaActionNB @MarketManiaCa The latest data from CMHC compares YoY change from 2023 to 2024. Net international migration peaked in 2023, while purpose-built rental construction continued to accelerate due to programs like MLI Select. This lead to some additional vacancy in the primary rental market.

@Rentalsdotca @MarketManiaCa Two things cannot be true at the same time. 1. Immigrant increase 6.7 million since 2021. 2. Housing builds are not even close to covering the increased population. Yet, you cite vacancy rates rising.

🚨THE CANADIAN RENTAL MARKET IS COLLAPSING! Biggest declines first: Surrey, BC -13.9% Burnaby, BC -10.1% Vaughan, ON -9.7% Vancouver, BC -9.5% New Westminster, BC -9.3% East York, ON -9.2% Kelowna, BC -7.8% Mississauga, ON -7.2% Calgary, AB -6.6% Langley, BC -6.2% Brampton, ON -5.8% Oshawa, ON -5.6% Kitchener, ON -5.3% Toronto, ON -3.4% Ottawa, ON -1.0% Montreal, QC -0.5% Year-over-year % change 📉

@JoshuaActionNB @MarketManiaCa According to CMHC's last rental market report, vacancy has been rising in most major markets, especially ones where we've seen asking rents falling. We're also seeing a large number of condos being pushed onto the secondary rental market in the GTA and GVA.

@MarketManiaCa Okay, this is misleading. What are the available rental units in each market (vacancy rate)?

Check out the full episode on our YouTube channel: youtu.be/uk9KL_nzKlE

Could generous financing programs like MLI Select be leading to an over-supply of new rental units in Canada? Industry experts Daniel Foch and Jake Steinman join us to break down the details and impact of this multi-family mortgage insurance product from the CMHC.