In April, Canada's average asking rent increased by 9.3% YoY, with one-bedroom and two-bedroom units experiencing increases of 11.6% and 11%.

In April, Canada's average asking rent increased by 9.3% compared to the previous year, marking the first month-over-month rise since January. The average asking rent for all home types reached $2,188, with annual growth accelerating from 8.8% in the previous month. One-bedroom and two-bedroom units experienced increases in asking prices (11.6% and 11% respectively), while Ontario was the only province to see a decrease in rents, down 0.3% monthly and 0.7% annually.

May 10, 2024
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