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Canadian average rents drop 4.4% to $2,100, marking four months of decline after 38 increases.
Average asking rents in Canada hit an 18-month low in January, down 4.4% to $2,100, marking the fourth consecutive month of declines after 38 straight increases.
Despite this, rents are still 5.2% higher than two years ago and 16.4% higher than three years ago.
Ontario saw the steepest declines, with apartment rents falling 5.2%, while British Columbia's rents decreased 2.6%.
The decline is attributed to economic risks, lower immigration, and increased apartment supply.
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El promedio canadiense de los alquileres baja de 4.4% a 2.100 dólares, lo que marca cuatro meses de declive después de 38 aumentos.