Average asking rents fall again in July to $2,121, report says

The report from Rentals.ca and Urbanation said average asking rents in Canada are still two per cent higher than they were two years ago. Share Save for later Please log in to bookmark this story. Log In Create Free Account

The national average asking rent in July fell 3.6 per cent from a year earlier to $2,121, marking the 10th straight month of year-over-year decreases and the largest drop of 2025 so far.

The latest monthly report from Rentals.ca and Urbanation says asking rents held roughly steady in July on a month-over-month basis, down $4 from June.

The report says purpose-built apartment asking rents fell 1.7 per cent from a year ago to an average of $2,095, while asking rents for condominium apartments decreased 5.7 per cent to $2,202.

Canada is building