The rental price index in Canada has soared since 2002, reaching an all-time high in 2025. In the second quarter the index measured ***** index points, which was a *****percent increase since the base year, 2015. 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.

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 ...).

Average asking rent price in select Census Metropolitan Areas by rental unit type. The breakdown by number of bedrooms is provided only for apartments. The results are based on an experimental approach, meaning they are derived from recent methodologies and may be subject to revisions. Quarterly data are available starting from the first quarter of 2019.

Rent Inflation in Canada decreased to 4.50 percent in August from 5.10 percent in July of 2025. This dataset includes a chart with historical data for Canada Rent Inflation.

Revenue for Canadian apartment lessors has gained through the end of 2025. Apartment lessors collect rental income from rental properties, so market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. Favourable economic conditions and demographic trends during most of the period have driven growth in demand. In 2020, the spread of COVID-19 lessened demand for apartment rentals, but the nature of apartment leases prevented a dip in revenue until 2021. Revenue has climbed since 2022 as higher prices and strong demand have fuelled a robust rental market. Revenue has climbed at a CAGR of 1.9% over the past five years and will reach $68.1 billion through the end of 2025. This includes a 2.4% swell in 2025 alone. Climbing vacancies fueled by a historic gain in rental supply will limit rent growth in 2025. The urban population in Canada has continued to expand, fuelling demand for housing in recent years. The supply of apartment rental units has lagged behind demand growth, reflected in low vacancy rates across Canada. Major urban centres have had especially low vacancy rates in recent years. Disposable income has also grown despite significant economic volatility. This has given individuals more funds to cover living expenses, which has enabled lessors to raise rental rates. Favourable macroeconomic conditions are expected to fuel demand for apartment rentals moving forward. Per capita disposable income will climb while vacancy rates remain low. Immigration and urbanization growth will fuel rent growth in major cities, benefiting apartment rental providers. Demand will continue to outpace supply growth, prompting a revenue gain. Revenue will expand at a CAGR of 1.6% through the end of 2030, reaching $73.7 billion in 2030.

The house price to rent ratio in Canada stood at ****** points in the first quarter of 2025. This is lower than the observation from the first quarter one year earlier, when the ratio had been ****** points.

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.

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).

Price to Rent Ratio in Canada decreased to 128.87 in the second quarter of 2025 from 134.34 in the first quarter of 2025. This dataset includes a chart with historical data for Canada Price to Rent Ratio.

Commercial rents services price index (CRSPI) by North American Industry Classification System (NAICS). Quarterly data are available from the first quarter of 2006 for the total index and from the first quarter of 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).

North Vancouver was the most expensive Canadian city for one-bedroom apartment rentals, with a median rent of about ***** Canadian dollars in June 2025. Coquitlam followed behind with a median rent of ***** Canadian dollars.

In 2023, the rental market in Canada saw the lowest vacancy rate for rental apartments during the observed period. Approximately 1.5 percent of apartments were unoccupied in 2023, down from 1.9 percent the year below. Saskatchewan was the province with the highest vacancy rate, whereas Prince Edward Island and Nova Scotia had the lowest share of unoccupied apartments.

Canada Consumer Price Index (CPI): Shelter: Rent Accommodation data was reported at 159.600 2002=100 in Mar 2025. This records an increase from the previous number of 159.300 2002=100 for Feb 2025. Canada Consumer Price Index (CPI): Shelter: Rent Accommodation data is updated monthly, averaging 70.800 2002=100 from Jan 1949 (Median) to Mar 2025, with 915 observations. The data reached an all-time high of 159.600 2002=100 in Mar 2025 and a record low of 18.500 2002=100 in Mar 1949. Canada Consumer Price Index (CPI): Shelter: Rent Accommodation data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I002: Consumer Price Index: 2002=100.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Actual Rentals for Housing for Canada (CANCP040100GYM) from Jan 1950 to Mar 2025 about water, fuels, electricity, rent, Canada, gas, CPI, price index, indexes, and price.

The rental vacancy rate represents the average number of residential rental units available per multifamily complex. The rate is positively correlated with homeownership rates and a high vacancy rate is indicative of low demand for renting. Data is sourced from the Canada Mortgage and Housing Corporation's Rental Market Survey.

TRREB Releases 2022 Q4 Rental Market Statistics Average condominium apartment rents continued to increase by double-digit annual rates in the fourth quarter of 2022. However, while market conditions remained tight enough to support very strong rent growth, there was more balance in the rental marketplace compared to the same period a year earlier in 2021. The number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board9s (TRREB) MLS® System was down on a yearover-year basis by 19.9 per cent in the fourth quarter of 2022. The number of rental listings was also down over the same period, but by a lesser annual rate of 11.8 per cent. The fact that the number of units leased was down by more than the number of units listed suggests that would-be renters benefitted from more choice compared to a year ago. "Strong population growth based on record immigration and robust job creation across a diversity of economic sectors drove rental demand in 2022. In addition, aggressive interest rate hikes by the Bank of Canada impacted affordability for many households, prompting a shift from homeownership to rental. All of these factors will continue to support strong rental demand in 2023," said TRREB President Paul Baron. The average rent for a one-bedroom condominium apartment increased by 19 per cent to $2,503 in the fourth quarter of 2022. Over the same period, the average two-bedroom rent increased by 14.1 per cent to $3,178. "Tight rental market conditions and strong rent increases will be the norm more often than not for the foreseeable future. On one hand, we will continue to experience strong rental demand in the GTA based on solid fundamentals. On the other hand, the persistent supply shortage will continue to result in strong competition between wouldbe renters, exerting upward pressure on rents. The solution is no secret: we need to see new policies pointed on more supply to translate into shovels in the ground for many years to come," said TRREB Chief Market Analyst Jason Mercer.

Potential renters, property owners and even property development professionals can gain valuable information from CMHC’s Rental Market Data. It can be used to price properties, stay competitive and even help determine ideal areas to build or rent. These tables offer a detailed statistical overview of Canada’s urban and rural rental markets. They offer housing professionals, researchers and renters detailed rental market data at the national, provincial and local levels. This includes data on vacancy rates, average rents and more for various types of rental housing across Canada.

The commercial and industrial machinery and equipment rental and leasing services price index measures the changes in the prices of rental and leasing activities for the commercial and industrial machinery and equipment industry.

Graph and download economic data for Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Canada (CANCP040100GPQ) from Q1 1960 to Q3 2023 about water, fuels, electricity, rent, Canada, gas, CPI, price index, indexes, and price.

Find the results from CMHC’s 2022 Rental Market Survey (presented in Microsoft Excel tables). These data tables complement the analysis found in the Rental Market Report. Data contained in these tables include: vacancy rate estimates average rents turnover rates universe counts These results are available for Canada, all provinces, and major centres. For 17 Canadian centres, the tables also include results from our Condominium Apartment Survey. This survey covers condominium apartments offered for rent on the secondary rental market in these centres. Datasets available for download