Toronto and Vancouver average rents for apartments and condominium rentals declined 8% year over year, while Calgary rents were down 9%. York, Saskatoon, North York, Regina, Red Deer, and Winnipeg also all experienced double-digit drops from July 2019 to July 2020.
On a provincial level, Ontario’s July rents were the highest, with landlords seeking $2,069 per month on average (all property types); this is down 0.7% monthly and 9.4% annually. British Columbia had the second highest rental rate at $2,029 per month, up 0.5% from June and 7.4% from July 2019.
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