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Average asking rents decrease for sixth straight month to $2,119: report

  • The national average asking rent in Canada was $2,119 in March, marking the sixth straight month of year-over-year declines.
  • Average asking rents declined 2.8% in March compared to the previous year, with Ontario recording the steepest rent declines of 3.5%.
  • Urbanation president Shaun Hildebrand said rents are likely to continue facing downward pressure due to expected negative economic impact and job losses caused by the trade conflict with the U.S.
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Average asking rents decrease for sixth straight month to $2,119: report

A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines. The monthly data provided by Rentals.ca and Urbanation, which analyzes listings in the former's network, says rents were down 2.8 per cent last month compared with...

·Kelowna, Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Tuesday, April 8, 2025.
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