Canadian Rental Market News & Narratives

Renting

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%.

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

Incentive City: How Toronto Landlords Are Filling Units Amid Low Demand

The use of incentives to fill rental units doubled year over year last quarter due to weakening demand, prompting landlords to get creative with the perks they offer.

Historic Cabbagetown Duplex Offers Canadian Star Quality And Timeless Style

Designed as two distinct, self-contained suites, the home is as versatile as it is beautiful — ideal for multigenerational living, rental income, dedicated work-from-home space, or simply an expansive residence that exudes unique character and style.

Development Projects

16-Storey Rental Planned For Victoria Park Ave, Near Future Stop Of Eglinton LRT

A total of 126 units are proposed, and although there aren’t any three-bedroom units in the plans, the current unit breakdown allows for over 50% of larger, family-sized units.

Real Estate News

Toronto City Council Approves 7 High-Rise Proposals From Choice, Diamante, And More

The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.

Policy

Can The Rebirth Of A '70s-Era Government Incentive Really Help The Housing Crisis?

The '70s are back in fashion, and with them is the possible reintroduction of the Multiple Unit Rental Building (MURB) program, as the Liberals advocate to bring it back.

Renting

Average Canadian Rent Reaches A Five-Month High In April

The average asking rent has increased nearly 30% from the COVID-19 low in April 2021.

Development Projects

Crombie, Northam Looking To Replace Scarborough Beer Store With 36-Storey Rental

Crombie REIT entered into a co-ownership agreement in 2018 that resulted in 50% interest in 3130 Danforth Avenue being sold to a subsidiary of Northam Realty Advisors.

Renting

Number Of GTHA Rentals Offering Incentives Doubles In Q1

Of the buildings offering incentives, 39% offered free rent for one month, while 23% offered free rent for two months.

Renting

National Average Rent Sees 6th Straight Annual Decline In March

While national average rent fell 2.8% year over year last month, rents increased on a month-over-month basis for the first time since September 2024.

Policy

The Federal Election Housing Ballot: Liberals Vs. Conservatives

In less than a month, Canadians will elect a new prime minister. Here's how the two most viable candidates for the job plan to tackle one of the nation's most pressing issues: the housing crisis.

Development Projects

Renting

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.

Incentive City: How Toronto Landlords Are Filling Units Amid Low Demand

The use of incentives to fill rental units doubled year over year last quarter due to weakening demand, prompting landlords to get creative with the perks they offer.

Historic Cabbagetown Duplex Offers Canadian Star Quality And Timeless Style

Designed as two distinct, self-contained suites, the home is as versatile as it is beautiful — ideal for multigenerational living, rental income, dedicated work-from-home space, or simply an expansive residence that exudes unique character and style.

16-Storey Rental Planned For Victoria Park Ave, Near Future Stop Of Eglinton LRT

A total of 126 units are proposed, and although there aren’t any three-bedroom units in the plans, the current unit breakdown allows for over 50% of larger, family-sized units.

Toronto City Council Approves 7 High-Rise Proposals From Choice, Diamante, And More

The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.

Can The Rebirth Of A '70s-Era Government Incentive Really Help The Housing Crisis?

The '70s are back in fashion, and with them is the possible reintroduction of the Multiple Unit Rental Building (MURB) program, as the Liberals advocate to bring it back.

Average Canadian Rent Reaches A Five-Month High In April

The average asking rent has increased nearly 30% from the COVID-19 low in April 2021.

Crombie, Northam Looking To Replace Scarborough Beer Store With 36-Storey Rental

Crombie REIT entered into a co-ownership agreement in 2018 that resulted in 50% interest in 3130 Danforth Avenue being sold to a subsidiary of Northam Realty Advisors.

Number Of GTHA Rentals Offering Incentives Doubles In Q1

Of the buildings offering incentives, 39% offered free rent for one month, while 23% offered free rent for two months.

National Average Rent Sees 6th Straight Annual Decline In March

While national average rent fell 2.8% year over year last month, rents increased on a month-over-month basis for the first time since September 2024.

The Federal Election Housing Ballot: Liberals Vs. Conservatives

In less than a month, Canadians will elect a new prime minister. Here's how the two most viable candidates for the job plan to tackle one of the nation's most pressing issues: the housing crisis.

‘Elegant’ 56-Storey Rental Proposed Minutes From Eglinton Station

The proposed development would feature design by Arcadis and replace a four-storey co-ownership building at 148 Soudan Avenue.

2025 © STOREYS Publishing Inc. | All Rights Reserved

Renting

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.

The use of incentives to fill rental units doubled year over year last quarter due to weakening demand, prompting landlords to get creative with the perks they offer.

Designed as two distinct, self-contained suites, the home is as versatile as it is beautiful — ideal for multigenerational living, rental income, dedicated work-from-home space, or simply an expansive residence that exudes unique character and style.

​A total of 126 units are proposed, and although there aren’t any three-bedroom units in the plans, the current unit breakdown allows for over 50% of larger, family-sized units.

The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.​

The '70s are back in fashion, and with them is the possible reintroduction of the Multiple Unit Rental Building (MURB) program, as the Liberals advocate to bring it back.

The average asking rent has increased nearly 30% from the COVID-19 low in April 2021.

Crombie REIT entered into a co-ownership agreement in 2018 that resulted in 50% interest in 3130 Danforth Avenue being sold to a subsidiary of Northam Realty Advisors.

Of the buildings offering incentives, 39% offered free rent for one month, while 23% offered free rent for two months.

While national average rent fell 2.8% year over year last month, rents increased on a month-over-month basis for the first time since September 2024.

In less than a month, Canadians will elect a new prime minister. Here's how the two most viable candidates for the job plan to tackle one of the nation's most pressing issues: the housing crisis.

The proposed development would feature design by Arcadis and replace a four-storey co-ownership building at 148 Soudan Avenue.

2025 © STOREYS Publishing Inc. | All Rights Reserved

A total of 126 units are proposed, and although there aren’t any three-bedroom units in the plans, the current unit breakdown allows for over 50% of larger, family-sized units.

The lion’s share of development applications before Council this month got the green light, which is perhaps a testament to the intensified emphasis on homebuilding in Toronto.