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flag Canadian rents dropped for the 16th straight month in January 2026, hitting a 31-month low.

flag Rents in Canada fell for the 16th consecutive month in January 2026, with average asking rents dropping to $2,057, the lowest in 31 months, driven by increased housing supply and softer demand. flag The national rent-to-income ratio fell below 30% for the first time in six years, improving affordability. flag Declines were most significant in major cities like Vancouver (-9.2%) and Calgary (-5.7%), while three-bedroom units saw prices rise slightly. flag Despite the downward trend, rents remain 12.9% above pre-pandemic levels.

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