REMI

The Rental Market

average asking rents

Average asking rents declined in February

The average asking rent for all residential properties in Canada fell to $2,088 in February, marking a 4.8 per cent annual decline.
Doug Ford election

Doug Ford wins third term as Ontario Premier

Ontario residents have voted to re-elect Doug Ford in the 2025 provincial election, securing a historical third term and majority win for the Ontario PC Party.
Winnipeg

New survey reveals Canada’s top trending rental markets

Winnipeg retains the top spot as the most sought-after Canadian city for renters on the RentCafe platform.
The Shoreview

Starlight completes new Barrie infill project

Starlight's latest rental project, The Shoreview, brings 215 rental suites to the city of Barrie, Ontario, overlooking the Lake Simcoe waterfront.
rental housing development

Canada’s rental development efforts

Altus Group explores the impacts of new policies aimed at increasing rental supply including tax incentives, construction loan programs, and grants.
investment

Fiera expands Calgary apartment portfolio

Fiera Real Estate CORE Fund announced it has acquired four newly constructed Calgary rental properties in two separate transactions.
average asking rents

Asking rents in Canada declined 3.2% in 2024

Hitting a 17-month low of $2,109, the average asking rents for all residential property types in Canada dropped 3.2 per cent in 2024.
Justin Trudeau

Trudeau’s resignation marks end of an era

Justin Trudeau has resigned as the leader of the Liberal Party after nearly a decade of serving as Canada’s prime minister.
average asking rents

Average rents declined slightly in November

Average rents for vacant rental units in Canada declined in November 2024, marking a 15-month low, in a sign that affordability is improving.
Quebec City

Quebec City rated “best choice” for renters saving to buy

A recent analysis conducted by Money.ca reveals that Quebec City is the best option for prospective homebuyers looking to rent while saving for a home in Canada.
Winnipeg

New report reveals Canada’s trending cities

A new report from RentCafe identifies Canada's top trending cities in Q3 2024 from the perspective of current and would-be renters.
ALMA @ Cabbagetown

New PBSA coming to Toronto’s Cabbagetown

Forum Asset Management recently celebrated the ground-breaking of the ALMA @ Cabbagetown, a new student housing building located at 307 Sherbourne Street.
average asking rents

Canada’s annual rent growth slows to 2%

Average asking rents in Canada rose by 2.1 per cent in September, marking the smallest annual rent growth since October 2021.
Medallion

Overcoming the hurdles of construction

As Medallion Corporation sets out construct six new rental developments in Toronto, Oshawa and Ajax, the road forward hasn’t been easy.
Concordia research

Concordia releases AI-driven rental market research

New AI-driven research from Concordia University, in partnership with Equiton, provides insights into the future of Canadian rentals and housing affordability.
rent growth

Annual rent growth returns to longer-term average

Asking rents for purpose-built and condominium apartments in Canada rose by 4.7 per cent, marking the slowest annual rate of rent growth in nearly three years.
rent growth

Rent growth slows to lowest rate in two years

According to Rentals.ca, the annual rate of rent growth in Canada has slowed to its lowest rate in over 31 months.