Canada's avg. asking rent reached $2.03K in Late-Q2, ↓~4% yearly, extending the country's run of yearly rent declines to 21 consecutive months.
Compared with Mid-Q2, asking rents edged slightly higher MoM in Late-Q2, signaling short-term stability even as overall yearly pricing across Canada remained lower.
Purpose-built apartment asking rents averaged $2.03K in Late-Q2, ↓~3% yearly, while condominium apartment asking rents averaged $2.06K, ↓~7% yearly across Canada overall.
Condominium apartments still asked slightly more than purpose-built units, but both national averages stayed clustered just above $2K in Late-Q2 across Canada.
Late-Q2 showed a familiar pattern for Canada: rents stayed below year-ago levels, yet the small MoM uptick suggested the market was mixed.
