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vancouver rent

It's no secret that rent in Canada has skyrocketed over the last few years, but new data has revealed just how much it's risen.

If it feels like everything from groceries to gas to apartments for rent is way more expensive than it used to be, you're not imagining it. The Canada housing market has seen massive price hikes in recent years, and rent is no exception.

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With the Canadian housing market still on shaky ground, rent prices are actually dropping right now — but that doesn't necessarily mean your wallet will feel any relief.

From coast to coast, apartments for rent are still eating up huge chunks of income, especially in the country's most populated cities.

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After six straight months of declines, rent in Canada is heading back up — and Canadian renters considering a move might want to act fast.

According to the latest National Rent Report from Rentals.ca and Urbanation, the average asking rent across the country rose by 1.5% in March. That marks the first monthly increase since September 2024, and it could signal a shift in the rental housing market Canada hasn't seen in half a year.

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If you've been paying rent in Vancouver or Toronto, you might want to sit down for this — because the amount you've spent on rent in the last five years could have easily covered a down payment on a home.

In some Canadian cities, renters have spent two, three or even four times the amount required for a minimum down payment, according to a new report from Zoocasa.

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If you're looking for an apartment for rent in Toronto, Vancouver, Edmonton, Ottawa or pretty much anywhere else in Canada right now, you might be in for a pleasant surprise. Average rent in Canada is actually dropping, and it has been for a little while.

According to the latest national rent report from Rentals.ca and Urbanation, the average asking rent for all residential properties in Canada fell to $2,100 in January, marking a 4.4% decline from this time last year and hitting an 18-month low.

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