{"id":5443,"date":"2026-06-08T16:25:45","date_gmt":"2026-06-08T20:25:45","guid":{"rendered":"https:\/\/rentals.ca\/blog\/?p=5443"},"modified":"2026-06-08T16:25:45","modified_gmt":"2026-06-08T20:25:45","slug":"rentals-ca-may-2026-rent-report","status":"publish","type":"post","link":"https:\/\/rentals.ca\/blog\/rentals-ca-may-2026-rent-report","title":{"rendered":"Rentals.ca May 2026 Rent Report"},"content":{"rendered":"<h3><span style=\"color: #00ccff;\"><b>Executive Summary<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average asking rent in Canada declined 4.7% year-over-year in April, falling by $100 to $2,027, marking the 19th consecutive month of year-over-year declines.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">On a monthly basis, rents rose by 0.9% compared to March, marking the beginning of increasing seasonal demand during the spring and summer.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Since reaching a low of $1,662 in April 2021 during COVID-19, average rents have risen 21.9%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Secondary markets adjacent to Canada\u2019s largest cities experienced some of the steepest declines in apartment rents over the past year, including double-digit drops in Richmond (-13.1%), Markham (-12.0%), Oakville (-11.1%), Coquitlam (-11.1%) and Burnaby (-10.2%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purpose-built rents remained the most stable over the past year, declining 3.7% to an average of $2,027, while asking rents for condo units fell by 5.6% to $2,087. However, incentives such as free rent periods have become common at purpose-built rental projects, resulting in lower effective rents for tenants.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average rents for all unit types continued to fall across the most populous provinces, down 5.9% in B.C., 5.2% in Ontario, 3.4% in Alberta, and 1.9% in Quebec. However, increases were seen in Nova Scotia (+3.3%), Saskatchewan (+2.2%) and Manitoba (+1.3%).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average rent per square foot declined slightly to $2.54, compared to $2.56 in April 2025, and down from $2.68 in April 2024. The average unit size for available listings decreased to 827 square feet, down from 845 square feet in April 2025 and 865 square feet in April 2024.<\/span><\/li>\n<\/ul>\n<p><iframe id=\"datawrapper-chart-S957t\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Average Rent by City &amp;amp; Unit Type \u2014 Top Canadian Markets\" src=\"https:\/\/datawrapper.dwcdn.net\/S957t\/1\/\" height=\"986\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<h3><span style=\"color: #00ccff;\"><b>National Overview<\/b><\/span><\/h3>\n<p>&nbsp;<br \/>\n<iframe title=\"Average Rent in Canada - YoY Change\" aria-label=\"Table\" id=\"datawrapper-chart-cEG2W\" src=\"https:\/\/datawrapper.dwcdn.net\/cEG2W\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"336\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Asking Rents in Canada Decline for 19th Consecutive Month<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Average asking rents for all property types in Canada fell 4.7% annually to $2,027 in April, marking the 19th consecutive year-over-year decline, but up 0.9% from the three-year low of $2,008 set in March.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past two years, rents have fallen by 7.4% from April 2024, but were 1.2% higher than three years ago in April 2023. Compared to the COVID-era low in April 2021, average rents have risen 21.9%.<\/span><br \/>\n<iframe title=\"Average Asking Rent\" aria-label=\"Line chart\" id=\"datawrapper-chart-byrMH\" src=\"https:\/\/datawrapper.dwcdn.net\/byrMH\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"430\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Year-Over-Year Change in Average Asking Rent\" aria-label=\"Column Chart\" id=\"datawrapper-chart-B3CGb\" src=\"https:\/\/datawrapper.dwcdn.net\/B3CGb\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"444\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Rent Per Square Foot Shows Slight Decline<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Average asking rent per square foot declined 0.8% year-over-year to $2.54, falling 5.2% from April 2024, when asking rents averaged $2.68 per square foot. Compared to two years ago, the average size of an available rental unit shrank by 4.4%, from 865 square feet to 827 square feet.<\/span><br \/>\n<iframe title=\"Average Asking Rent Per Square Foot\" aria-label=\"Column Chart\" id=\"datawrapper-chart-xt2oS\" src=\"https:\/\/datawrapper.dwcdn.net\/xt2oS\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"439\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Purpose-Built Rents Most Resilient Among Unit Types<\/b><\/p>\n<p><span style=\"font-weight: 400;\">On an annual basis, asking rents for condos continued to decrease, falling 5.6% year-over-year, to an average of $2,087. Other secondary market units, such as houses and townhomes, saw the steepest decline, falling 7.8% annually to an average of $1,998.. Purpose-built rentals continued to experience the smallest rent declines, down 3.7% from last year and rising 1.1% month-over-month to an average of $2,027.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Units with four or more bedrooms (primarily houses and townhomes) saw the largest annual decline in rents, falling 5.3% to an average of $2,888. Among the remaining unit sizes, one-bedroom rents decreased the most compared to a year ago, down 4.3% to an average of $1,778.Three-bedroom rents continued to see the smallest decline of all unit sizes, down 2.9% annually to an average of $2,490.<\/span><br \/>\n<iframe title=\"Average Asking Rent and Annual Change by Property Type\" aria-label=\"Small multiple column chart\" id=\"datawrapper-chart-zdOv6\" src=\"https:\/\/datawrapper.dwcdn.net\/zdOv6\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"394\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Average Asking Rent and Annual Change by Bedroom Type\" aria-label=\"Small multiple column chart\" id=\"datawrapper-chart-7mFw3\" src=\"https:\/\/datawrapper.dwcdn.net\/7mFw3\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"345\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Studio Condo Rents Continue to Fall Fastest, while Three-Bedroom Rents See Smallest Decrease<\/b><\/p>\n<p><span style=\"font-weight: 400;\">In the condo market, studio rents fell by 7.9% to $1,640, the largest decrease among unit types but a moderation from the double-digit annual declines seen in recent months. For purpose-built apartments, one-bedroom units saw the largest decline, falling 4.4% year-over-year to $1,810.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Three-bedroom rents for purpose-built rental units were down only 1.1% over the past year to an average of $2,726, with three-bedroom condo rents decreasing 2.9% to $2,732.<\/span><br \/>\n<iframe title=\"Average Asking Rent for Apartments by Bedroom Type\" aria-label=\"Small multiple column chart\" id=\"datawrapper-chart-AWH0C\" src=\"https:\/\/datawrapper.dwcdn.net\/AWH0C\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"320\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Annual Change in Asking Rent for Apartments by Bedroom Type\" aria-label=\"Small multiple column chart\" id=\"datawrapper-chart-ulMKx\" src=\"https:\/\/datawrapper.dwcdn.net\/ulMKx\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"346\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<h3><span style=\"color: #00ccff;\"><b>Provincial Overview<\/b><\/span><\/h3>\n<p>&nbsp;<br \/>\n<iframe title=\"Average Rent YoY change by Canadian Province - All Property Types\" aria-label=\"Table\" id=\"datawrapper-chart-dk5um\" src=\"https:\/\/datawrapper.dwcdn.net\/dk5um\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"499\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>B.C. Leads Apartment Rent Declines, Alberta and Ontario Follow<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Nationwide, the average asking rent for purpose-built and condominium apartments was $2,033 in April, a 3.9% decrease from the same time last year but up 1.1% from March<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a provincial basis, annual apartment rent increases were seen in Nova Scotia (+3.3%, $2,299), Saskatchewan (+2.2%, $1,383) and Manitoba (+1.3%, $1,640). Saskatchewan has also seen the largest rent increase over the past three years, with a 25.9% total gain since April 2023. The largest apartment rent decreases in the past year were seen in B.C. (-5.9%, $2,336), Ontario (-5.2%, $2,216), and New Brunswick (-3.9%, $1,472).<\/span><br \/>\n<iframe title=\"Average Asking Rent by Province\" aria-label=\"Column Chart\" id=\"datawrapper-chart-oQXiV\" src=\"https:\/\/datawrapper.dwcdn.net\/oQXiV\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"452\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Annual Change in Average Asking Rent by Province\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-gVJ50\" src=\"https:\/\/datawrapper.dwcdn.net\/gVJ50\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"465\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Only two provinces have seen rent declines over the past three years: Ontario (-8.5%) and B.C. (-5.4%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While three-bedroom apartment rents held steady in Ontario (-0.2%, $3,034) and Manitoba (+0.2%, $1,922), significant declines were seen in B.C. (-6.3%, $3,233) and Alberta (-4.0%, $2,054), while a significant increase was seen in Nova Scotia (+5.0%, $2,902). Across all unit types and provinces, rents fell fastest for one-bedroom units in Ontario (-6.6% to $1,973).<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><br \/>\n<iframe title=\"Average Asking Rent by Province and Unit Type\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-kIuwH\" src=\"https:\/\/datawrapper.dwcdn.net\/kIuwH\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"493\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Change in Average Asking Rent by Province\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-0yRpj\" src=\"https:\/\/datawrapper.dwcdn.net\/0yRpj\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"515\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<h3><span style=\"color: #00ccff;\"><b>Municipal Overview<\/b><\/span><\/h3>\n<p><b>Rents Decline in All of Canada\u2019s Six Largest Markets<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Average apartment rents fell across all six of Canada\u2019s largest markets, with the largest overall decline in Vancouver (-5.3%, $2,679) and the smallest decline in Edmonton (-1.2%, $1,603).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the six largest markets, Vancouver apartment rents fell most significantly for studio units, down 8.0% annually to $2,068. Among all six markets, Vancouver also saw the largest decline in one-bedrooms (-7.0%, $2,358) and three-bedrooms (-7.7%, $3,876), while Ottawa saw the largest decrease in two-bedrooms (-4.0%, $2,472).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a monthly basis, Toronto rents increased across all unit types except for studios, which remained flat at $1,769.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vancouver was the only major market to show a monthly decline in total average rents, falling 1.3% to $2,679. Rents in Vancouver have fallen on a year-over-year basis for 29 consecutive months, with the average rent now 4% lower than four years ago in April of 2022. Rents in Toronto have fallen for 27 months, but remain 7% higher than four years ago.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, the range of rents across the top six markets continued to narrow, with the difference in average rent between Edmonton ($1,498) and Vancouver ($2,660) now $1,162, compared to a peak difference of $1,957 in July of 2023.<\/span><br \/>\n<iframe title=\"Average Asking Rent for Canada's 6 Largest Markets\" aria-label=\"Line chart\" id=\"datawrapper-chart-pdhtA\" src=\"https:\/\/datawrapper.dwcdn.net\/pdhtA\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"458\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Change in Average Asking Rent for the 6 Largest Markets\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-MxxxR\" src=\"https:\/\/datawrapper.dwcdn.net\/MxxxR\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"466\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Three-Bedroom Apartment Rents Increase in Toronto and Montreal<\/b><\/p>\n<p><span style=\"font-weight: 400;\">While asking rents for apartments fell for almost all unit types in the six largest markets in April, three-bedroom units increased on an annual basis in Montreal (+0.8% to $2,804) and Toronto (+2.3% to $3,558). Montreal was the only top-six market to see increased rents for one-bedroom units (+3.4%, $1,793) and two-bedroom units (+3.0%, $2,341).<\/span><br \/>\n<iframe title=\"Average Asking Rent by Bedroom Type for the 6 Largest Markets\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-dvDEZ\" src=\"https:\/\/datawrapper.dwcdn.net\/dvDEZ\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"519\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Annual Change in Average Asking Rent for the 6 Largest Markets\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-wQNmI\" src=\"https:\/\/datawrapper.dwcdn.net\/wQNmI\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"372\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>North Vancouver Remains Most Expensive Rental Market in Canada<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Despite a year-over-year decline of 5.0%, North Vancouver apartment rents ($2,974) remained the most expensive in the country. Other B.C. markets with the highest-priced apartment rents (excluding the six largest markets) were Richmond ($2,566), Burnaby ($2,469) and Coquitlam ($2,409). Kanata ($2,364) was the most expensive Ontario market outside the GTHA.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Halifax ($2,247) was the most expensive market in Atlantic Canada, ranking slightly more affordable than Victoria ($2,251) and Markham ($2,277) at a national level. Among the most affordable large cities (top 25 most populous) in the country were Regina ($1,402), Saskatoon ($1,441) and Quebec City ($1,483).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The most affordable rental markets in Canada were concentrated in Alberta, led by Fort McMurray ($1,264), Lloydminster ($1,264), Medicine Hat ($1,397) and Red Deer ($1,421).<\/span><br \/>\n<iframe title=\"Highest Avg. Asking Rent for Purpose-built &amp;amp; Condo Rental Apts\" aria-label=\"Bar Chart\" id=\"datawrapper-chart-x3iGn\" src=\"https:\/\/datawrapper.dwcdn.net\/x3iGn\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"743\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Lowest Avg. Asking Rent for Purpose-built &amp;amp; Condo Rental Apts\" aria-label=\"Bar Chart\" id=\"datawrapper-chart-IrlwI\" src=\"https:\/\/datawrapper.dwcdn.net\/IrlwI\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"770\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Large Declines Persist in Suburban Centres<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Double-digit declines in asking rents for apartments continued to be concentrated in suburban areas adjacent to the top six markets. Brossard (-14.4%) saw the largest decline in the country, with significant rent declines also seen in Richmond (-13.1%), C\u00f4te Saint-Luc (-12.0%), Markham (-12.0%), Oakville (-11.1%), Coquitlam (-11.1%), Longueil (-10.9%), and Burnaby (-10.2%).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The largest annual rent increase was once again seen in Kingston (+13.3%), owing mostly to a higher concentration of listings in newer and more expensive properties, with a double-digit increase in asking rents also seen in Stratford (+10.7%).<\/span><br \/>\n<iframe title=\"Ann. Change in Avg. Rent for Purpose-built &amp;amp; Condo Apartments\" aria-label=\"Bar Chart\" id=\"datawrapper-chart-FnmXC\" src=\"https:\/\/datawrapper.dwcdn.net\/FnmXC\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"530\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Ann. Change in Avg. Rent for Purpose-built &amp;amp; Condo Apartments\" aria-label=\"Bar Chart\" id=\"datawrapper-chart-FnmXC\" src=\"https:\/\/datawrapper.dwcdn.net\/FnmXC\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"530\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<p><b>Shared Accommodation Rents Drop below $900<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The average asking rent for shared accommodations in B.C., Alberta, Ontario and Quebec was $899 in April, down 4.7% from April 2025 ($943) and a 9.7% drop from April 2024 ($996). Shared accommodation rents fell the most on an annual basis in B.C. (-11.3% to $1,012) and Ontario (-5.6% to $984), with smaller declines seen in Alberta (-4.7% to $803) and Quebec (-2.1% to $831).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the six largest markets, the largest decline in rents for shared accommodations was seen in Vancouver (-17.1% to $1,111), falling below Toronto (-4.7% to $1,130). Declines were also seen in Calgary (-6.0% to $803) and Montreal (-0.4% to $859). Average asking rents increased in Ottawa (+2.0% to $1,048), as well as Edmonton (+1.7% to $780).<\/span><\/p>\n<p><iframe title=\"Average Asking Rents for Shared Accomodations\" aria-label=\"Column Chart\" id=\"datawrapper-chart-4cKxG\" src=\"https:\/\/datawrapper.dwcdn.net\/4cKxG\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"346\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>\n<iframe title=\"Average Asking Rents for Shared Accomodations\" aria-label=\"Grouped column chart\" id=\"datawrapper-chart-i5YdQ\" src=\"https:\/\/datawrapper.dwcdn.net\/i5YdQ\/1\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"546\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><\/p>\n<h4><span style=\"color: #00ccff;\"><b>Rentals.ca Data<\/b><\/span><\/h4>\n<p><i><span style=\"font-weight: 400;\">The data used in this analysis is based on monthly listings from the Rentals.ca Network of Internet Listings Services (ILS). This data differs from the numbers collected and published by the Canada Mortgage Housing Corporation (CMHC).<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">The Rentals.ca Network of ILS\u2019s data covers both the primary and secondary rental markets and includes basement apartments, rental apartments, condominium apartments, townhouses, semi-detached houses, and single-detached houses. CMHC\u2019s primary rental data only includes purpose-built rental apartments and rental townhouses. CMHC also collects data on secondary market rentals, but this is reported separately.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">CMHC\u2019s rental rates are based on the entire universe of purpose-built rental units (rental stock), regardless of rental tenure. CMHC rental rates are reflective of what the average household spends on rental housing and not the current market rents for vacant units. The data used in this report is based on the asking rates of available (vacant) units only and reflect on-going trends in the market. This covers a smaller sample size but is more representative of the actual market rent a prospective tenant would encounter. The Rentals.ca Network of ILS\u2019s data typically provides much higher rental rates compared to CMHC, as vacant units typically reset to market rates when not subject to rent control.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">The average and median rental rates in this report can also skew higher than CMHC\u2019s data for the following reasons: the inclusion of larger more expensive unit types such as single-family homes, townhouse units, and large luxury condominium units; the presence of duplicate or multiple listings at the same property and the survivorship bias where more expensive or over-priced units take longer to lease and remain in the sample longer.<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">Properties listed for greater than $5,000 per month, and less than $500 per month are removed from the sample. Similarly, short-term rentals, single-room rentals, and furnished suites are removed from the sample when identifiable.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary Average asking rent in Canada declined 4.7% year-over-year in April, falling by $100 to $2,027, marking the 19th consecutive month of year-over-year declines. On a monthly basis, rents rose by 0.9% compared to March, marking the beginning of increasing seasonal demand during the spring and summer. Since reaching a low of $1,662 in [&hellip;]<\/p>\n","protected":false},"author":31,"featured_media":5445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"coauthors":[236],"class_list":["post-5443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-national-rent-reports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rentals.ca May 2026 Rent Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rentals.ca\/blog\/rentals-ca-may-2026-rent-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rentals.ca May 2026 Rent Report\" \/>\n<meta property=\"og:description\" content=\"Executive Summary Average asking rent in Canada declined 4.7% year-over-year in April, falling by $100 to $2,027, marking the 19th consecutive month of year-over-year declines. On a monthly basis, rents rose by 0.9% compared to March, marking the beginning of increasing seasonal demand during the spring and summer. Since reaching a low of $1,662 in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rentals.ca\/blog\/rentals-ca-may-2026-rent-report\" \/>\n<meta property=\"og:site_name\" content=\"Rentals Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/rentals.ca\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-08T20:25:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rentals.ca\/blog\/wp-content\/uploads\/2026\/06\/May2026RentalsRentReportMap.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1728\" \/>\n\t<meta property=\"og:image:height\" content=\"1100\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Heather Barry\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rentalsdotca\" \/>\n<meta name=\"twitter:site\" content=\"@rentalsdotca\" \/>\n<meta name=\"twitter:label1\" content=\"Written 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