Toronto and Vancouver saw first rent increase in nearly 3 years, report says

Global News · Uday Rana · 2026-11-05 17:02 UTC

The average asking rent for all residential property types in Canada was $2,036 in October, a report from Rentals.ca and Urbanation showed on Thursday.

Canada’s most expensive housing markets saw their first increase in average asking rents in nearly three years, while rents across Canada continue to fall, new report shows.

The average asking rent for all residential property types in Canada was $2,036 in October, a report from Rentals.ca and Urbanation showed on Thursday.

While this marked the 25th consecutive month of declines, falling 3.2 per cent compared to October 2025 and 5.4 per cent compared to October 2024, the pace of the decline is slowing.

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