Urbanation Archives - Mortgage Rates & Mortgage Broker News in Canada

Average rents across Canada fall to lowest level in over a year

January 9, 2025 No Comments

The average asking rent across Canada fell to $2,109 in December, marking its lowest point in 17 months, according to the latest data from Rentals.ca and Urbanation.

Rent prices fall to 15-month low: Rentals.ca

December 10, 2024 No Comments

Average asking rents were down 1.6% on an annual basis, marking the first year-over-year decline since the pandemic.

National rent prices decline year-over-year for first time since pandemic: report

November 7, 2024 No Comments

Average asking rents declined nationally on a year-over-year basis for the first time in more than three years in October, said a report out Thursday.

Rents rise 2.1% in September, marking fifth straight monthly slowdown: report

October 9, 2024 No Comments

A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1% year-over-year.

Rent increases in smaller markets outweigh declines in big cities in August: report

September 11, 2024 No Comments

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.

Greater Toronto condo rents see first annual drop since 2021

July 30, 2024 No Comments

A surge in condo completions has led to the first annual decline in GTHA rents since 2021, signalling a temporary market shift.

Vast majority of Greater Toronto new condo investors losing money every month: report

July 25, 2024 No Comments

Toronto’s condo market is under pressure, with a new report revealing a significant increase in cash-flow negative investors in newly completed condos.

Average Canadian rent hits an all-time high of $2,202

June 6, 2024 No Comments

Average rents across Canada are now up 32% from their pandemic lows.

A new report says the asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January. For rent and for sale signs are displayed on a house in a new housing development in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick April asking rent

April asking rent prices up 9.3% across Canada; as Ontario sees only decline: report

May 10, 2024 No Comments

Asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January.

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

April 16, 2024 No Comments

A new report says the asking rent for a home in Canada in March was up 8.8% compared with a year ago, but down from February.

Urbanation