Average asking rents fall over 4% in June compared to last year, new report says
By Sammy Hudes
That’s down 4.3% from June 2025, marking the 21st consecutive month of year-over-year declines, according to the latest monthly analysis from Rentals.ca and Urbanation, which is based on asking rents across the former’s listings network.
It’s the lowest average price for June in four years. The report also said rents have declined 6.9% over the past two years.
Prices ticked up 0.2% on a month-over-month basis from May.
Asking rents for purpose-built apartments fell 3.1% year-over-year to an average of $2,034 last month, while asking rents for condominium apartments decreased 6.8% to $2,058. Secondary market units such as houses and townhouses saw the steepest annual decline, down 7.4% to $2,017.
Despite lower prices compared with previous years, a survey this past spring of Canadian renters who had used Rentals.ca found affordability concerns continued to far outweigh all other rental market challenges.
Around 70% of respondents identified high rent prices as the biggest obstacle in their housing search, while 11% pointed to unsuitable listings and six per cent cited low rental supply.
At the provincial level, the monthly analysis for June found B.C. and Ontario each posted the largest year-over-year drops of 5.3% each, bringing average asking rents to $2,377 and $2,233, respectively, in those provinces.
In Alberta, average asking rents fell 4.2% to $1,766, while Quebec saw a 2.2% drop to $1,929.
Atlantic Canada saw the biggest jump in average asking prices, which rose 5.3% to $2,271 across the region.
Prices ticked up 0.8% in both Manitoba and Saskatchewan, to average asks of $1,673 and $1,458, respectively.
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asking rent real estate rental market rentals.ca rentals.ca report The Canadian Press Urbanation
Last modified: July 8, 2026
