Average asking rents fall 4.8% in August as trade war adds fresh uncertainty: report
Canadian rental prices have fallen year-over-year for 23 consecutive months, with August seeing a 4.8% decline. Experts attribute this trend to economic uncertainty, including trade tensions and potential shifts in employment and construction costs.
Why it matters
The cooling rental market reflects broader economic instability and shifting housing affordability trends in Canada.
A monthly report from Rentals.ca and Urbanation says it marks the steepest year-over-year drop since March.
Why N.S. rents are still increasing far faster than we saw historically for decades
Average asking rents have now fallen year over year for 23 consecutive months, with prices down seven per cent compared with 2024.
Rents were essentially flat on a monthly basis, down 0.1 per cent from July after four consecutive monthly increases through the spring and early summer.
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