4 h. ago Ontario rent prices keep falling and here's where they're cheapest right now

It may not be a good time to own a condo in Ontario (at least, if you're looking to sell), but it sure is a good time to lease one — or any property type in the province, for that matter — as rent prices have been on a steady downward trajectory in major hubs like Toronto.The 6ix just saw another 4.7 per cent year-over-year dip in the average monthly rent rate for a place, marking the ninth consecutive month of rent declines, according to the latest National Rent Report from Rentals.ca and Urbanation. (By comparison, Canada as a whole saw a 2.7 per cent drop.)As of June, tenants in the city now pay around $2,283 for the typical one-bedroom apartment (which is 0.8 per cent less than in May and 6.6 per cent less than this time last year), and $2,929 for a two-bedroom unit (0.1 per cent less than the month prior and 8.4 per cent less than in June 2024).Renters in shared accommodation pay approximately $1,188 per month for a room, a 3.9 per cent decrease from ...

Economics

25 h. ago Rents in Canada fall for 9th straight month, still above 2022 levels

The average asking rent for all residential properties in Canada fell by 2.7 per cent in June, compared with this time last year, to $2,125 a month.

Other

27 h. ago Rents easing across most major markets but many tenants not feeling relief: CMHC

Canada’s housing agency says advertised rents in some major cities are easing due to factors such as increased supply and slower immigration, but renters are still not feeling relief. In its mid-year rental market update, Canada Mortgage and Housing Corp. says average asking rents for a two-bedroom purpose-built apartment were down year-over-year in markets such […]

Politics

2 w. ago Montreal asking rents up nearly 71% in six years, according to Stats Canada

Average asking rent for a two-bedroom apartment was $1,930 in the first quarter of 2025, up from $1,130 six years ago. 

Other

4 w. ago Rent prices in Ontario keep plummeting and here's where they're the lowest

The cost of living in Ontario may still be completely out of hand, but at least the price of something in the province is going down: rent.The price of the average Ontario apartment has been on the decline for months, including in cities like Guelph, Barrie, Mississauga and yes, even incessantly expensive Toronto, which now boasts the lowest rents it's seen in years as the housing market crashes.A sharp rise in supply amid a drop-off in demand across both the real estate and rental markets — especially when it comes to condo units — has been a huge force in reducing prices in key markets across Canada, with year-over-year price reductions now reported for eight months in a row.In Ontario, prices for all unit sizes but three-bedrooms plummeted year-over-year yet again in May, according to new stats from Rentals.ca and Urbanation, released this week.Chart of how the provinces measure up when it comes to rent prices...

Economics

last month Average asking rents fall annually for eighth straight month to $2,129

Rents have eased due to a surge in supply, a slowdown in population growth and heightened economic uncertainty

Economics

last month Average asking rents fall annually for eighth straight month to $2,129: report

TORONTO — The national average asking rent in May was down 3.3 per cent from a year earlier at $2,129, marking the eighth consecutive month of year-over-year decreases. The latest monthly report from Rentals.ca and Urbanation says asking rents held steady from April, with a 0.1 per cent month-over-month increase. Purpose-built apartment asking rents declined […]

Economics