Canada Rental Market News 

Canada’s average asking rent fell to $2,034 per month in September 2026, down 4.2% from a year earlier. It was the 24th consecutive month of annual declines, according to the Rentals.ca–Urbanation report released October 7. The monthly change was much smaller: just $1 below August’s average of $2,035. Advertised rents remained below last year’s levels, but the national average was essentially unchanged heading into autumn.

Big picture for Rentals in 2026 Canada enters 2026 with vacancy higher and asking rents easing in major cities after a big supply wave in 2024–25, especially new purpose‑built rentals and investor condos. National forecasts see a fragmented market: some regions softening with more vacancies, others (notably parts of B.C. and specific Ontario submarkets) staying tight and supporting modest rent growth