Multi-Family Rents Decline 3.3% YoY from Record High  

Multi-Family Rents Decline 3.3% YoY from Record High  
News| June 12, 2025| Monte Stewart
Canada + Apartment Buildings

Residential rents across Canada fell 3.3% year-over-year in May from a record high according to the latest National Rent Report from Rentals.ca and Urbanation.

But rents remained 5.7% higher than two years ago and 12.6% those posted three years ago.

Although average asking rents have risen 4.1% annually over the past five years, the showing indicates that rental affordability has worsened since the COVID-19 pandemic.

Rentals.ca and Urbanation are related entities.

Photo: Rentals.ca

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