Overview
- Rentals.ca and Urbanation report the national average asking rent was $2,033 in June 2026, down 4.3 percent year over year and marking the 21st straight month of annual declines.
- The pace of decline has eased from earlier this year, with a 0.2 percent month-over-month increase in June following larger annual drops in March and April.
- British Columbia and Ontario recorded the largest provincial drops at 5.3 percent each, with average listings at $2,377 in B.C. and $2,233 in Ontario.
- Atlantic Canada bucked the national trend with a 5.3 percent rise to $2,271 and Nova Scotia was the priciest province for apartments and condos at $2,360, driven by new buildings and larger units.
- Unit types diverged as purpose-built apartment listings averaged $2,034 (down 3.1 percent) while condominium listings fell 6.8 percent to $2,058, and two- and three-bedroom units showed the smallest drops.