Average asking rents fall for 14th straight month to $2,074 in November: report

Average asking rents fall for 14th straight month to $2,074 in November: report

Asking rents in Canada were down 3.1 per cent in November from a year earlier to an average of $2,074, marking the 14th straight month of annual declines.

Victoria average rent prices follow national trend in falling, Nanaimo prices climb

Rent prices across the country have dropped for the 14th month in a row, a trend that Victoria has followed but Nanaimo has bucked. Rentals.ca and Urbanation’s monthly rent report for November shows that nationally rent prices dropped 3.1 per cent year-over-year to $2,074. The report says this is the lowest level since June 2023. “The rental market in Canada continues to face short-term challenges as demand pulls back due to a flattening in popu…

Canada's average rent prices drop for a 14th month in a row

The latest National Rent Report from Rentals.ca and Urbanation is out for November, and it looks like Canada’s average rent prices have dropped for the 14th month in a row. So if you’re on the hunt for a new apartment or rental in your city, this is a prime time to be looking. According to the report, national rent has fallen $100 below last year’s level to an average of $2,074 per month. It’s not all good news, though. Despite the months of dec…