CMHC (Canada Mortgage and Housing Corporation) tracks rents for purpose-built rental apartments, including long-term tenants. Asking rent is the price for new listings.
Province
CMHC Avg 2-BR
Asking Avg 2-BR
Difference
British Columbia
$1,850
$2,850
+54%
Ontario
$1,650
$2,500
+52%
Alberta
$1,350
$1,850
+37%
Quebec
$1,050
$1,700
+62%
Nova Scotia
$1,400
$2,100
+50%
Manitoba
$1,200
$1,500
+25%
Saskatchewan
$1,100
$1,350
+23%
The gap reflects rent control (existing tenants pay less) and market conditions for new rentals.
Rent Growth Trends by Province
Province
2023
2024
2025
2026
Trend
British Columbia
+8%
+5%
+1%
−0.5%
Cooling
Ontario
+10%
+6%
0%
−1.5%
Declining
Alberta
+12%
+8%
+5%
+3%
Slowing
Quebec
+6%
+5%
+5%
+4.5%
Steady
Nova Scotia
+15%
+10%
+6%
+4%
Slowing
PEI
+18%
+12%
+8%
+6%
Slowing
Atlantic Canada continues to see increases as population growth outpaces supply.
Data compiled from Rentals.ca, Zumper, PadMapper, and CMHC Rental Market Reports. “Asking rent” reflects listed prices for available units. CMHC data includes all occupied purpose-built rentals. Figures are estimates for early 2026.
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