Average asking rents fell to just over $2K in December — their lowest in more than 2 years

Average asking rents fell to just over $2,000 in December, marking their lowest level in more than two years. This decline offers welcome relief to renters who have faced steep housing costs in recent times. The drop suggests a cooling rental market, driven by increased supply and stabilising demand in several regions. For many households, this shift could mean more choice and slightly improved affordability. It’s a notable change after a prolonged period of rising rents. Credit / read more at: https://www.cbc.ca/news/business/average-asking-rents-canada-9.7042571