Average rents in Canada have declined 3.3 per cent since May 2024, marking the eighth consecutive month of annual decreases.

Construction of homes in Metro Vancouver set a new record last year, according to B.C. real estate developer Rennie.

Average rent for Canadian rental properties listed on Rentals.ca in April 2022 was $1,821 per month, down just 1.5 per cent from 2019 and 2020.

Average rents for all property types in Canada have risen for third consecutive month as rental demand increases with the arrival of the prime spring leasing season.