Average national asking rents fall to $2,008 after largest drop in five years: report

A rental sign is seen outside a building in Ottawa, Thursday, April 30, 2020. THE CANADIAN PRESS/Adrian Wyld

A new report says March featured the largest drop for average asking rents in Canada in nearly five years.

The latest monthly analysis from and Urbanation, which is based on asking rents across the former’s listings network, says prices reached an average of $2,008, down 5.3 per cent from March 2025.

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