"Asking rents in Canada fell 2.3 per cent year-over-year in December to an average of $2,060, marking a full calendar year of declines as prices reached their lowest level in 30 months. The latest report from Rentals.ca and Urbanation said December 2025 was the 15th consecutive month that average asking rents across Rentals.ca's listings network moved lower. When measured across the full year, average asking rents in Canada declined 3.1 per cent in 2025, which was a larger annual drop than during the COVID-19 pandemic. However, while rents are down 5.4 per cent compared with two years ago, they still remain 14.1 per cent higher than pre-pandemic levels in December 2019."
"The report said rent declines have been led by secondary market units. Average asks for house and townhouse rentals were down five per cent to $2,071 in December, while asking rents for condominium apartments fell four per cent year-over-year to $2,131. Asking rents for purpose-built apartments moved one per cent lower year-over-year to an average of $2,049."
Asking rents in Canada declined 2.3% year-over-year in December to an average of $2,060, completing a full calendar year of decreases and reaching a 30-month low. Average asking rents fell 3.1% over 2025, a larger annual drop than during the COVID-19 pandemic, and stand 5.4% below levels two years ago but 14.1% above December 2019. Record-high apartment completions, slowing population growth, economic uncertainty, and affordability pressures reduced upward rent pressure. Declines were strongest in secondary-market units; house and townhouse asks fell 5%, condominium asks fell 4%, and purpose-built apartment asks fell 1%. Provincial results varied, with B.C. and Ontario down, Saskatchewan and Nova Scotia up.
Read at www.cbc.ca
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