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Story summary
- Canada’s cap on international student intake has triggered rapid cooling of the rental market.
- Rentals.ca reports a 69% decrease in new international student arrivals in the first seven months of 2025 versus 2024.
- As a result, rents fell 5.8% in Ontario and 5.4% in British Columbia, with Toronto and Vancouver seeing steeper declines.
- Nationwide, average asking rents declined 3.2% in September 2025, marking the 12th consecutive month of decline.
