By Stéphane Rolland
In its mid-year rental market update, Canada Mortgage and Housing Corp. says average asking rents for a two-bedroom purpose-built apartment were down year-over-year in markets such as Vancouver, Toronto, Calgary and Halifax.
It says landlords are reporting that vacant units are taking longer to lease, especially for new purpose-built rental units in Toronto, Vancouver and Calgary, where they face competition from well-supplied secondary rentals such as condominium units and single-family homes.
The agency says rents for occupied units are continuing to rise but at a slower pace than a year ago.
Despite downward pressure on rent prices, the report says affordability has still gotten worse over time as rent-to-income ratios have steadily risen since 2020, especially in regions like Vancouver and Toronto where turnover rents are driving increases.
Meanwhile, vacancy rates are expected to rise in most major cities this year amid slower population growth and sluggish job markets.
Les prix des loyers affichés, soit les logements vacants qui sont offerts sur le marché, ont augmenté moins rapidement à Montréal, tandis qu’ils sont en baisse dans plusieurs grandes villes canadiennes, notamment Calgary, Toronto, Vancouver et Halifax.
À Montréal, le prix du loyer affiché a augmenté de 2,0 % en moyenne, comparativement à une hausse de 8,4 % à la même période l’an dernier.
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Last modified: July 8, 2025