Overview
- Average asking rent fell to $2,123 in September 2025, down 3.2% year over year and marking the first two-year decline since January 2022.
- All six largest cities posted annual drops, led by Vancouver at −8.2% to $2,776, a 41‑month low, with Calgary down 7.4% to $1,897 and Toronto down 2.9% to $2,592.
- B.C. and Alberta recorded the steepest provincial declines at 5.5% each, while Manitoba was the only province with growth, up 2.6% to $1,680.
- By property type, purpose-built apartments averaged $2,093 (−2.1% year over year), condos $2,226 (−3%), and houses/townhouses $2,178 (−5.5%).
- By size, one-bedrooms averaged $1,836 (−4.1%), two-bedrooms $2,220 (−2.6%), studios $1,616 (−2.4%), and three-bedrooms $2,561 (−1.3%).