This table contains data described by the following dimensions (Not all combinations are available): Geography (247 items: Carbonear; Newfoundland and Labrador; Corner Brook; Newfoundland and Labrador; Grand Falls-Windsor; Newfoundland and Labrador; Gander; Newfoundland and Labrador ...), Type of structure (4 items: Apartment structures of three units and over; Apartment structures of six units and over; Row and apartment structures of three units and over; Row structures of three units and over ...), Type of unit (4 items: Two bedroom units; Three bedroom units; One bedroom units; Bachelor units ...).

The rental price index in Canada increased by 3.1 index points (+2.5%) since the previous quarter. Therefore, the index reached a peak in the fourth quarter of 2023 with 124.9 index points.The rent paid on average by households in a certain territory. These figures are seasonally adjusted, which means that the effect of seasonal variations was eliminated from the data.

Residential rental rates by municipality, year, and type of unit (bachelor suites, one-bedroom, two-bedroom and three-bedroom units) in non-subsidized rental buildings that have three or more rental units.

Vancouver was the most expensive Canadian city for one-bedroom apartment rentals, with a median rent of about 2,348 Canadian dollars in January 2024. Toronto followed behind with a median rent of 2,048 Canadian dollars.

The house price to rent ratio in Canada decreased 2023 onwards, after peaking in 2022. In the third quarter of 2024, the index amounted to 134.8 index points, down from 144.1 index points in the third quarter of 2023, when the highest value was recorded. The index tracks the development of house prices relative to rents, with 2015 chosen as a base year with an index value of 2015. This ratio was calculated by dividing median house prices by median annual rents. A ratio of 140 percent means that the gap between median house prices and median annual rents widened by 40 percent since 2015.

Price to Rent Ratio in Canada decreased to 134.71 in the first quarter of 2025 from 134.87 in the fourth quarter of 2024. This dataset includes a chart with historical data for Canada Price to Rent Ratio.

Toronto Central and Toronto North were the most expensive areas to rent a two-bedroom apartment in Greater Toronto, Canada in 2023, with a median rent of 2,550 and 2,300 Canadian dollars, respectively. In comparison, the average for the city stood at 1,750 Canadian dollars. Bradford/West Gwillimbury/New Tecumseth, in comparison, was the most affordable area with a monthly rent of 1,101 Canadian dollars. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

Average rents for areas with a population of 10,000 and over

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Monthly data are available from January 2006 for the total index and from January 2019 for all other indexes. The table presents data for the most recent reference period and the last five periods. The base period for the index is (2019=100).

Rent Inflation in Canada increased to 5.20 percent in April from 5.10 percent in March of 2025. This dataset includes a chart with historical data for Canada Rent Inflation.

Downtown Montréal/Îles-des-Soeurs was the most expensive area to rent a two-bedroom apartment in Greater Montréal, Canada in 2023, with a median rent of 1,813 Canadian dollars. In comparison, the average for Greater Montréal stood at 980 Canadian dollars. Pont-Viau and Montréal-Nord, on the other hand, were the most affordable areas. The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

Vancouver, Toronto, and Mississauga were the most expensive cities to rent a two-bedroom apartment in Canada in January 2024. In all three cities, the average two-bedroom rent exceeded 2,700 Canadian dollars and in Vancouver, it was as high as 3,831 Canadian dollars per month.

The Municipality of West Vancouver the most expensive area to rent a two-bedroom apartment in Metro Vancouver, Canada in 2023, with a median rent of 3,250 Canadian dollars. In comparison, the average for the metro stood at 2,000 Canadian dollars. Maple Ridge/Pitt Meadows, Surrey, and White Rock, on the other hand, were some of the most affordable areas. In Canada, Vancouver is the most expensive city for rental properties.The data is based on the results of an annual survey among owners, managers, and building superintendents and includes only apartments in privately initiated buildings with three or more rental units on the market for more than three months.

This Alberta Official Statistic shows the average monthly rental rates for two-bedroom units in Alberta and major urban centres (Calgary CMA, Edmonton CMA, Red Deer CA, Lethbridge CA, Medicine Hat CA, Wood Buffalo CA and Grande Prairie CA). Canada Mortgage and Housing Corporation (CMHC) conducts the Rental Market Survey (RMS) every year in April and October to estimate the relative strength and change in the rental market. The survey is conducted on a sample basis in all urban areas with populations of 10,000 and more. The survey targets only privately initiated structures with at least three rental units, which have been on the market for at least three months. The data collected for a structure depends on whether it is an apartment or a row structure. The survey collects market rent, available and vacant unit data for all sampled structures. The survey is conducted by a combination of telephone interviews and site visits, and information obtained from the owner, manager, or building superintendent. The survey is conducted during the first two weeks of April/October, and the results reflect market conditions at that time.

The average asking rent of industrial and logistics real estate in Canada was between 10 and 22 Canadian dollars per square foot in the first quarter of 2023. Toronto, which was the market with most inventory, had monthly rent of 18.45 Canadian dollars per square foot, making it the third most expensive market.

In the first half of 2019, the average asking rent in Canadian malls was 32.96 Canadian dollars per square feet. The average asking rent per square foot of general retail space was 26.36 Canadian dollars in the same period.

The Canadian property management industry witnessed robust growth in rental apartment supply in 2024, lifting national vacancy rates to 2.2%. The expansion in apartment supply was the most significant in over three decades. However, rental market conditions remained tight in crucial markets. The average rent for two-bedroom apartment units climbed 5.4% in 2024, highlighting sustained demand for apartment rentals. Affordability issues persisted since the completion of high-priced units bolstered the supply gain. The industry remained highly competitive, requiring agile adaptation strategies from property managers in response to slower rent growth, higher vacancies, evolving tenant preferences and affordability challenges. Nonetheless, revenue has grown at a CAGR of 0.2% to $9.8 billion through the end of 2025, including a 1.3% climb in 2025. Sustained demand for apartment rental will primarily drive revenue growth in 2025, as residential property management is the industry's largest market. The high cost of housing has continued to subvert the transition from renting to homeownership. Interest rate reductions by the Bank of Canada stimulated a 10.0% climb in home sales in 2024, yet homeownership is still out of reach for most Canadians. As Canadians stay longer in rentals, demand for residential property managers is expected to strengthen. On the other hand, the demand for commercial property management is mixed because of the complexity of commercial buildings, evolving workspace needs and the emergence of hybrid work models. Higher rental rates and lower vacancy rates have led to rising profit. The industry will enjoy growth through the end of 2030, with revenue rising at a CAGR of 1.4% to reach $10.5 billion in 2030. Continuous population growth and urbanization will significantly influence the industry's performance, increasing rental housing demand in major cities. Although interest rates have dropped, home ownership will remain elusive for most Canadians, which means Canadians will rent longer, sustaining demand for residential property management services. Technological advancements will fundamentally change the industry's operations, making Artificial Intelligence, the Internet of Things and automation key drivers of efficiency, sustainability and tenant-centric innovation. The next five years will also present regulatory changes that could add compliance burdens and influence market dynamics. Canadian property management will evolve and be characterized by data-driven portfolio management, tenant retention strategies, technological adoption and compliance with stricter environmental regulations and tenant protection measures.

This table contains data described by the following dimensions (Not all combinations are available): Geography (37 items: Census metropolitan areas; Saguenay; Quebec; Calgary; Alberta; Edmonton; Alberta ...).

This chart shows the monthly housing cost expenses for renters. Gross rent is the agreed upon rent plus the estimated average monthly cost of utilities (electricity, gas, and water and sewer) and fuels (oil, coal, kerosene, wood, etc.) if these are paid by the renter.

The net asking rent for Class A office space in Canada decreased slightly in 2023, reaching 29.17 Canadian dollars per square foot. According to the forecast, it is expected to remain the same in 2024.