Average Asking Rents Declined to 17-month Low Across Canada at End of Year: Report

Condo buildings tower above older two and three-storey walk-up apartment buildings, in Burnaby, B.C., on Dec. 18, 2024. The Canadian Press/Darryl Dyck

Average asking rents fell nationally to $2,109 in December on a year-over-year basis, marking a 17-month low, according to a new report.

A monthly report from Rentals.ca and Urbanation says average asking rents across Canada were down 3.2 percent from the same month last year, as December marked the fifth consecutive month of declines.