Canadian Rental Market News & Narratives

Renting

Canadian Rent Decline "Compounding" As July Sees 3.6% Year-Over-Year Drop

While dipping a nominal $4 from June, national average rent fell 3.6% year over year from $2,201 to $2,121, marking the 10th consecutive month of annual rent decline.

Policy

Will Toronto's Colour-Coded Landlord Ratings Also Shame Tenants?

Toronto City Council has adopted a motion to introduce colour-coded ratings for apartment buildings based on their level of cleanliness and safety. The reform is expected to be phased in next July.

Policy

Toronto's Renoviction Bylaw Goes Into Effect Today With A $700 Application Fee

The move follows similar bylaws passed in Hamilton and London and is meant to protect tenants from bad faith evictions, or so-called 'renovictions.'

Renting

65% Of GTHA Landlords Offering Rental Incentives As Demand Slows And Supply Grows

From free months of rent to straight cash, Urbanation's Q2-2025 rental market report finds more and more landlords are getting creative about filling units.

This $12.5M Palmerston Townhome Is A Modern Masterpiece

From the street, 310 Palmerston Boulevard will pull you in with intrigue. But what waits behind its front doors will leave you awestruck.

Affordable Housing

CreateTO Flexes 15 Sites To Be Rolled Out Under New ‘Toronto Builds’ Framework

The City of Toronto has expressed a desire to create a new entity known as Canada-Ontario-Toronto Builds (COT Builds), which takes a cue from the widely applauded BC Builds.

Rosedale Leasehold Opportunity Offered On Behalf Of CreateTO

Property badge

Listed Commercial

Rosedale Leasehold Opportunity Offered On Behalf Of CreateTO

The site at 931 Yonge Street in Toronto has Zoning By-Law Amendment approval in place for a 32-storey purpose-built rental.

Breaking Charts

CMHC Is Quietly Becoming A Rental Housing Powerhouse

There’s no doubt we need more rental housing and that CMHC’s tools have become better at delivering it — but in solving one crisis, are we sleepwalking into another?

Development Projects

Hollyburn Joins Isabella High-Rise Boom With 69-Storey Skyscraper

The proposed development would replace a 10-storey rental apartment on the downtown Toronto site, and calls for 84 replacement rentals, in addition to 730 new units.

Renting

Low Immigration, High Supply Pull Rents Down For Ninth Straight Month

Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.

Development Projects

Akelius Eyes 69 Storeys For Isabella Street With Heritage Integration

A total of 647 units are planned for the site in Church-Wellesley Village, including a 50% share of larger family-sized units.

Renting

One-Third Of Canadian Renters Say They Don't Have Plans To Buy A Home

Despite improving affordability, it's still a mixed bag when it comes to renters' sentiments regarding homeownership.

Renting

Canadian Rents Up 12% Since 2022, Despite Annual Dip

Average asking rent in Canada has grown by 4% annually over the last five years, while average annual wage growth has only been around 3%, indicating worsened affordability.

Renting

Canadian Rent Decline "Compounding" As July Sees 3.6% Year-Over-Year Drop

While dipping a nominal $4 from June, national average rent fell 3.6% year over year from $2,201 to $2,121, marking the 10th consecutive month of annual rent decline.

Will Toronto's Colour-Coded Landlord Ratings Also Shame Tenants?

Toronto City Council has adopted a motion to introduce colour-coded ratings for apartment buildings based on their level of cleanliness and safety. The reform is expected to be phased in next July.

Toronto's Renoviction Bylaw Goes Into Effect Today With A $700 Application Fee

The move follows similar bylaws passed in Hamilton and London and is meant to protect tenants from bad faith evictions, or so-called 'renovictions.'

65% Of GTHA Landlords Offering Rental Incentives As Demand Slows And Supply Grows

From free months of rent to straight cash, Urbanation's Q2-2025 rental market report finds more and more landlords are getting creative about filling units.

This $12.5M Palmerston Townhome Is A Modern Masterpiece

From the street, 310 Palmerston Boulevard will pull you in with intrigue. But what waits behind its front doors will leave you awestruck.

CreateTO Flexes 15 Sites To Be Rolled Out Under New ‘Toronto Builds’ Framework

The City of Toronto has expressed a desire to create a new entity known as Canada-Ontario-Toronto Builds (COT Builds), which takes a cue from the widely applauded BC Builds.

Rosedale Leasehold Opportunity Offered On Behalf Of CreateTO

The site at 931 Yonge Street in Toronto has Zoning By-Law Amendment approval in place for a 32-storey purpose-built rental.

CMHC Is Quietly Becoming A Rental Housing Powerhouse

There’s no doubt we need more rental housing and that CMHC’s tools have become better at delivering it — but in solving one crisis, are we sleepwalking into another?

Hollyburn Joins Isabella High-Rise Boom With 69-Storey Skyscraper

The proposed development would replace a 10-storey rental apartment on the downtown Toronto site, and calls for 84 replacement rentals, in addition to 730 new units.

Low Immigration, High Supply Pull Rents Down For Ninth Straight Month

Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.

Akelius Eyes 69 Storeys For Isabella Street With Heritage Integration

A total of 647 units are planned for the site in Church-Wellesley Village, including a 50% share of larger family-sized units.

Ontario Lowers 2026 Rent Cap To 2.1%, Tightest In Four Years

For the past three years, the Province has held its rent cap steady at 2.5%.

One-Third Of Canadian Renters Say They Don't Have Plans To Buy A Home

Despite improving affordability, it's still a mixed bag when it comes to renters' sentiments regarding homeownership.

Canadian Rents Up 12% Since 2022, Despite Annual Dip

Average asking rent in Canada has grown by 4% annually over the last five years, while average annual wage growth has only been around 3%, indicating worsened affordability.

2025 © STOREYS Publishing Inc. | All Rights Reserved

Renting

While dipping a nominal $4 from June, national average rent fell 3.6% year over year from $2,201 to $2,121, marking the 10th consecutive month of annual rent decline.

Toronto City Council has adopted a motion to introduce colour-coded ratings for apartment buildings based on their level of cleanliness and safety. The reform is expected to be phased in next July.

The move follows similar bylaws passed in Hamilton and London and is meant to protect tenants from bad faith evictions, or so-called 'renovictions.'

From free months of rent to straight cash, Urbanation's Q2-2025 rental market report finds more and more landlords are getting creative about filling units.

From the street, 310 Palmerston Boulevard will pull you in with intrigue. But what waits behind its front doors will leave you awestruck.

The City of Toronto has expressed a desire to create a new entity known as Canada-Ontario-Toronto Builds (COT Builds), which takes a cue from the widely applauded BC Builds.

​The site at 931 Yonge Street in Toronto has Zoning By-Law Amendment approval in place for a 32-storey purpose-built rental.

​There’s no doubt we need more rental housing and that CMHC’s tools have become better at delivering it — but in solving one crisis, are we sleepwalking into another?

The proposed development would replace a 10-storey rental apartment on the downtown Toronto site, and calls for 84 replacement rentals, in addition to 730 new units.

Driving the decline is a combination of low immigration and over supply leading to higher vacancy rates and longer vacancy terms, under which landlords are beginning to cave.

A total of 647 units are planned for the site in Church-Wellesley Village, including a 50% share of larger family-sized units.

For the past three years, the Province has held its rent cap steady at 2.5%.

Despite improving affordability, it's still a mixed bag when it comes to renters' sentiments regarding homeownership.

Average asking rent in Canada has grown by 4% annually over the last five years, while average annual wage growth has only been around 3%, indicating worsened affordability.

2025 © STOREYS Publishing Inc. | All Rights Reserved

The site at 931 Yonge Street in Toronto has Zoning By-Law Amendment approval in place for a 32-storey purpose-built rental.

There’s no doubt we need more rental housing and that CMHC’s tools have become better at delivering it — but in solving one crisis, are we sleepwalking into another?