Canadian rents grew only 2.1% YoY in September, the slowest since Oct 2021, with declines in Ontario and BC, and a rise in Saskatchewan.

In September, Canadian rents grew only 2.1% year-over-year, the slowest rate since October 2021, averaging $2,193. This marks five months of declining growth due to a significant drop in foreign student enrollments. Ontario and British Columbia saw the largest declines in rents, with decreases of 4.3% and 3.2%, respectively. Conversely, Saskatchewan experienced a notable 23.5% increase in rental prices, while rents fell in major cities like Vancouver and Toronto.

October 09, 2024
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