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flag Canadian rents fell for the 15th month straight, hitting a two-year low in December 2025.

flag Average rents across Canada dropped for the 15th straight month in December 2025, reaching a two-and-a-half-year low of $2,060, down 2.3% from a year earlier and 5.4% from two years prior. flag Toronto’s average rent fell to $2,498, its lowest since early 2022, with declines across all unit types. flag Ontario saw a 3.2% drop to $2,257 monthly, while British Columbia and Nova Scotia remained above the national average. flag The slowdown in rental demand, the weakest in two years, eased slightly, with forecasts pointing to increased demand in January due to affordability pressures and reduced mobility.

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