Average asking rents fall 3.2% in October but prices rising in Toronto, Vancouver

BNN Bloomberg · The Canadian Press · 2026-11-05 21:02 UTC

The average asking price for a rental unit across Canada in October was $2,036, down 3.2 per cent compared with a year ago.

TORONTO — The average asking price for a rental unit across Canada in October was $2,036, down 3.2 per cent compared with a year ago.

A monthly report from Rentals.ca and Urbanation says October’s decrease marks the smallest year-over-year decline since February, when rents were down 2.8 per cent from the same month a year earlier.

Average asking rents have now fallen year-over-year for 25 consecutive months, with prices down 5.4 per cent compared with two years ago and reaching their lowest October level since 2022.

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