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flag Canadian average asking rents fell to a 15-month low in November, down 1.6% from last year.

flag Average asking rents in Canada fell 1.6% year-over-year in November to $2,139, marking a 15-month low, according to Rentals.ca and Urbanation. flag Despite the decline, rents remain 6.7% higher than two years ago. flag The drop is mainly in the secondary market for condos and houses in British Columbia and Ontario, with Ontario seeing a 6.4% decrease and B.C. flag a 2.3% decrease. flag Meanwhile, purpose-built rents remain stable, and rents increased in Saskatchewan by 12.1% and Alberta by 3.7%.

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