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Canadian average rent drops 2.8% year-over-year to $2,119, but remains 17.8% higher than in 2020.
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.
Renters became more active due to improved affordability, though economic challenges may continue to press down on rents.
Despite the recent drop, average asking rents are still 17.8% higher than in March 2020.
British Columbia remains the priciest, with Vancouver and its surrounding areas leading in rental costs.
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El alquiler promedio canadiense baja un 2,8% año tras año a $2.119, pero sigue siendo un 17,8% más alto que en 2020.