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Story summary
- Canada’s average asking rent fell to $2,035 in August, a 4.8% year-over-year decline.
- The decline marks a 23-month streak and the steepest YoY drop since March.
- Urbanation president Shaun Hildebrand warned a Canada-U.S. trade-war escalation adds near-term demand uncertainty.
- Secondary-market houses and townhouses fell 8.3% to $2,014, the steepest decline among categories.
- British Columbia rents dropped 4.6% to $2,353, while other provinces showed mixed changes.
