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flag Canadian rents fell for the 17th month straight in Feb 2026, reaching a 33-month low.

flag Average asking rents in Canada fell for the 17th straight month in February 2026, dropping to $2,030—the lowest level in 33 months, a 2.8% year-over-year decline. flag The drop, attributed to increased housing supply and weaker demand, improved affordability, with the rent-to-income ratio at 29%, below the 30% stress threshold. flag Provincial trends varied, with Alberta, Ontario, and British Columbia seeing the largest declines, while Nova Scotia, Saskatchewan, and Manitoba reported rent increases. flag Despite the falls, rents remain 2.3% higher than three years ago.

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