Insight
Canada Rental Market Trends
Two official sources describe rents: CMHC's annual survey of purpose-built rentals, and Statistics Canada's quarterly experimental estimates of asking rents (new listings) and paid rents (all renters).
Updated 2026-11-12
| Metro | Value |
|---|---|
| Kelowna B.C. | 6.30% |
| Calgary Alta. | 5.00% |
| Kitchener–Cambridge–Waterloo Ont. | 4.20% |
| Barrie Ont. | 4.20% |
| Edmonton Alta. | 3.90% |
| London Ont. | 3.90% |
| Vancouver B.C. | 3.70% |
| Oshawa Ont. | 3.70% |
| Moncton N.B. | 3.70% |
| Hamilton Ont. | 3.60% |
Purpose-built rents
| Metro | Value |
|---|---|
| Vancouver B.C. | $2,364 |
| Victoria B.C. | $2,121 |
| Kelowna B.C. | $2,098 |
| Toronto Ont. | $2,045 |
| Calgary Alta. | $1,908 |
| Nanaimo B.C. | $1,895 |
| Halifax N.S. | $1,828 |
| Kitchener–Cambridge–Waterloo Ont. | $1,816 |
| Kingston Ont. | $1,763 |
| Oshawa Ont. | $1,762 |
Asking vs paid rents
Asking rents are what landlords advertise for vacant units; paid rents are what all renter households pay, including long-term tenants. When asking rents are well above paid rents, moving costs renters more.
| Metro | Value |
|---|---|
| Vancouver B.C. | $3,030 |
| Toronto Ont. | $2,650 |
| Victoria B.C. | $2,640 |
| Halifax N.S. | $2,400 |
| Ottawa–Gatineau Ont. | $2,360 |
| Kelowna B.C. | $2,330 |
| Hamilton Ont. | $2,150 |
| Kitchener–Cambridge–Waterloo Ont. | $2,120 |
| Barrie Ont. | $2,100 |
| Nanaimo B.C. | $2,080 |
Paid rents
| Metro | Value |
|---|---|
| Vancouver B.C. | $2,470 |
| Toronto Ont. | $2,160 |
| Calgary Alta. | $1,930 |
| Halifax N.S. | $1,770 |
| Kingston Ont. | $1,750 |
| Kitchener–Cambridge–Waterloo Ont. | $1,720 |
| Regina Sask. | $1,580 |
| Edmonton Alta. | $1,570 |
| London Ont. | $1,560 |
| Winnipeg Man. | $1,550 |
Sources
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-12.