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flag Rent prices in Canada are projected to drop 3.2% in 2025, but affordability issues persist.

flag Rent prices in Canada are expected to experience some relief in 2025, with average asking rents falling 3.2% nationally in December year-over-year. flag Despite this, the rental market remains tight due to factors like reduced immigration targets, a weakening labor market, and slower population growth. flag Experts predict that purpose-built rent growth will ease to a 3-4% range, and new rental supply entering the market may make renting more attractive. flag However, affordability challenges persist, and the relief may only be temporary as high-rise developments take years to complete.

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