Average asking rents in Canada increased 9.3 per cent year-over-year in May, reaching a record-high $2,202 per month according to the latest data from Rentals.ca and Urbanation.

Average asking rents for all property types in Canada increased by 9 per cent in 2023, reaching a record-high $2,178 in December

For the sixth month in a row, average asking rents for vacant rental units in Canada rose to new heights, reaching $2,178 for all property types.