National rent prices decline year-over-year for first time since pandemic: report

News Room
By News Room 5 Min Read


A new report says average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October.

The report from Rentals.ca and Urbanation finds average asking rents across Canada sat at $2,152 in October, down 1.2 per cent from the same month in 2023 — the first national decrease since July 2021.

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