09/04/2026
π’ π Canadian rents just fell for the 22nd month in a row
The average asking rent across Canada was $2,037 in July β down 4.0% year over year, according to the latest national rent report.
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Purpose-built and condo apartments averaged $2,043, up 0.3% from June
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Nova Scotia is now the priciest province for apartment rents at $2,377, edging out B.C. at $2,357
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Toronto had its best annual showing among the big six markets β down just 0.8% year over year, and up 1.5% from June
Here's the nuance newcomers should catch: annual declines are shrinking and monthly rents have risen four months straight since March's 35-month low. The bargain window may be narrowing.
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