{"id":159580,"date":"2026-08-07T15:48:17","date_gmt":"2026-08-07T15:48:17","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/159580\/"},"modified":"2026-08-07T15:48:17","modified_gmt":"2026-08-07T15:48:17","slug":"average-asking-rents-fall-4-in-july-as-market-stabilizing-but-not-yet-recovering","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/159580\/","title":{"rendered":"Average asking rents fall 4% in July as market &#8216;stabilizing, but not yet recovering&#8217;"},"content":{"rendered":"<p>TORONTO \u2014 A new report says the average national asking rent fell four per cent in July compared with last year and now stands at $2,037.<\/p>\n<p>The latest monthly analysis from Rentals.ca and Urbanation says that marks the 22nd consecutive month of year-over-year declines in the average cost being sought by landlords, with asking rents having fallen 7.5 per cent over the past two years.<\/p>\n<p>However, it\u2019s the smallest year-over-year drop since February, and prices continue to rise when comparing month to month.<\/p>\n<p>Prices ticked up 0.2 per cent from June, which was the fourth straight monthly increase.<\/p>\n<p>Urbanation president Shaun Hildebrand says this is typical seasonal momentum heading into the back-to-school period, as Canada\u2019s rental market appears to be \u201cstabilizing, but not yet recovering.\u201d<\/p>\n<p>Asking rents for purpose-built apartments fell 2.6 per cent year-over-year to an average of $2,041 last month, while asking rents for condominium apartments decreased 6.3 per cent to $2,063.<\/p>\n<p>This report by The Canadian Press was first published Aug. 7, 2026.<\/p>\n<p>Sammy Hudes, The Canadian Press<\/p>\n<p>\t\tKeep it Factual<\/p>\n<p>Add CityNews Montreal as a trusted source on Google to see more local stories from us.<\/p>\n<p>\t\t<a href=\"https:\/\/www.google.com\/preferences\/source?q=montreal.citynews.ca\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n\t\t<img loading=\"lazy\" decoding=\"async\" class=\"add-trusted-source-badge\" src=\"https:\/\/www.europesays.com\/canada\/wp-content\/uploads\/2026\/08\/1786117697_414_google-trusted-badge.png\" alt=\"Add as a preferred source on Google\" width=\"198\" height=\"63\"\/><br \/>\n\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO \u2014 A new report says the average national asking rent fell four per cent in July compared&hellip;\n","protected":false},"author":2,"featured_media":159581,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[525,1720,235,50,1362],"class_list":["post-159580","post","type-post","status-publish","format-standard","has-post-thumbnail","category-montreal","tag-business","tag-construction","tag-economy","tag-montreal","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/159580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=159580"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/159580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/159581"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=159580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=159580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=159580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}