Asking rents in Canada continued to sink lower last month compared with a year ago, with a new report pegging the average cost at $2,033 for June.
The latest monthly analysis from Rentals.ca and Urbanation says that’s down 4.3% from June 2025, marking the 21st consecutive month of year-over-year declines.
Prices ticked up 0.2% on a month-over-month basis from May.
Asking rents for purpose-built apartments fell 3.1% year-over-year to an average of $2,034 last month, while asking rents for condominium apartments decreased 6.8% to $2,058.
At the provincial level, British Columbia and Ontario each posted the largest year-over-year drops of 5.3% each, bringing average asking rents to $2,377 and $2,233, respectively, in those provinces.
Atlantic Canada saw the biggest jump in average asking prices, rising 5.3% to $2,271 across the region.