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flag Canadian average rent drops 2.8% year-over-year to $2,119, but remains 17.8% higher than in 2020.

flag The national average asking rent in Canada reached $2,119 in March, marking a 2.8% year-over-year decline but a 1.5% increase from February. flag Renters became more active due to improved affordability, though economic challenges may continue to press down on rents. flag Despite the recent drop, average asking rents are still 17.8% higher than in March 2020. flag British Columbia remains the priciest, with Vancouver and its surrounding areas leading in rental costs.

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