Canadian Rent Growth Slows to 2.1% in September Amid Decline in International Students

The slowdown marks the fifth consecutive month of decreasing rent growth, significantly influenced by fewer international student enrolments.

Average asking rents across Canada reached $2,193 in September, the lowest growth rate since October 2021.
Ontario and British Columbia saw significant annual rent declines, with Ontario down 4.3% and B.C. down 3.2%.
Saskatchewan experienced the fastest rent growth among provinces, with a 23.5% increase, reaching $1,378.
Major cities like Vancouver, Toronto, Calgary, and Montreal reported decreases in apartment rents, while Ottawa saw a slight increase.
Condominium rents decreased by 1.7% nationwide, with notable drops in Vancouver and Toronto.