{"id":67835,"date":"2026-02-09T14:41:00","date_gmt":"2026-02-09T19:41:00","guid":{"rendered":"https:\/\/canada.news-you-need.com\/index.php\/2026\/02\/09\/now-is-the-best-time-to-rent-in-canada-as-asking-price-hits-31-month-low-report\/"},"modified":"2026-02-09T14:57:31","modified_gmt":"2026-02-09T19:57:31","slug":"now-is-the-best-time-to-rent-in-canada-as-asking-price-hits-31-month-low-report","status":"publish","type":"post","link":"https:\/\/canada.news-you-need.com\/index.php\/2026\/02\/09\/now-is-the-best-time-to-rent-in-canada-as-asking-price-hits-31-month-low-report\/","title":{"rendered":"Now is the \u2018best time\u2019 to rent in Canada as asking price hits 31-month low: report"},"content":{"rendered":"

Now is the \u2018best time\u2019 to rent in Canada as asking price hits 31-month low: report<\/a>
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https:\/\/globalnews.ca\/news\/11659448\/canada-rental-market-rents-decrease-january-2026\/<\/a>
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Publish Date: 2026-02-09 14:41:00<\/a>
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The housing market in Canada isn\u2019t just good for buyers. Renters are also finding lower prices as average asking rents hit a 31-month low in January.<\/p>\n

The numbers come from Rentals.ca and Urbanation\u2019s latest national rent report, which showed the average rent for all residential properties dropped two per cent year-over-year to $2,057 last month.<\/p>\n

\u201cIf you\u2019re looking to get into the rental market, this is the best time we\u2019ve seen in years,\u201d said Giacomo Ladas, associate communications director at Rentals.ca. \u201cIt really has gone back to the renter, which is a good thing.\u201d<\/p>\n

Rents declined for the 16th consecutive month, with the two organizations noting asking rents have declined by 6.3 per cent over the past two years.<\/p>\n

Part of the reason for the decline is the size of the units also declining.<\/p>\n

Story continues below advertisement<\/p>\n

The report found the average size of rental listings was 857 square feet in January, compared to 885 in January 2025 and 943 two years ago.<\/p>\n

Purpose-built rentals saw a one per cent annual decline to $2,049, while condo apartments dropped 5.7 per cent to an average of $2,093.<\/p>\n

Ladas told Global News that some of these smaller units are actually condos that were built to sell, but due to the housing market change has had an impact.<\/p>\n

\u201cA lot of them were shoebox condos that, frankly, nobody wanted to buy so now they have come flooding into the rental market,\u201d he said.<\/p>\n

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tKelowna vacancy rate now highest in Canada<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

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When it came to the number of bedrooms, it was one-bedroom units that saw rent drop 3.4 per cent to $1,792 on average. Yet at the same time, larger properties like three-bedroom apartments of all types rose 1.1 per cent to $2,506.<\/p>\n

Story continues below advertisement<\/p>\n

\u201cWhat I think that reflects is that Canadians…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Now is the \u2018best time\u2019 to rent in Canada as asking price hits 31-month low:…<\/p>\n","protected":false},"author":1,"featured_media":67836,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/globalnews.ca\/wp-content\/uploads\/2025\/08\/Vancouver-rent-cooling.jpg?quality=65&strip=all&w=720&h=379&crop=1","fifu_image_alt":"","footnotes":""},"categories":[42],"tags":[],"class_list":["post-67835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada"],"_links":{"self":[{"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/67835"}],"collection":[{"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=67835"}],"version-history":[{"count":1,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/67835\/revisions"}],"predecessor-version":[{"id":67837,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/67835\/revisions\/67837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/67836"}],"wp:attachment":[{"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=67835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=67835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canada.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=67835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}