Canada rental market data
These figures come from CMHC’s Rental Market Survey, taken each October and published in December. The next survey results are expected in December.
| Measure (national, October 2025) | Value | A year earlier |
|---|---|---|
| Vacancy rate, purpose-built apartments | 3.1% | 2.2% |
| Average 2-bedroom rent paid | $1,550 | $1,447 |
| Rent change for the same 2-bedroom units (fixed sample) | 5.1% | 5.4% |
| Turnover rate | 12.8% | 12.5% |
| Vacancy rate, rented condominium apartments | 1.3% | 0.9% |
| Average 2-bedroom rent, rented condominium apartments | $2,305 | $2,199 |
Source: CMHC Rental Market Report data tables, Tables 1.0 and 4.2 (purpose-built apartments in privately initiated structures of three or more units, centres of 10,000 people or more; condo figures cover the centres CMHC surveys for condos).
How these figures are measured
The city and province pages draw on the same few surveys, explained once here:
- CMHC’s Rental Market Survey counts purpose-built rental apartments (buildings put up to be rented, not condos rented out by their owners) each October, and CMHC publishes the results in December. Its average rent covers every unit it surveys, occupied or vacant, including long-time tenants on older leases, so it sits below what a newly listed unit costs.
- Two versions of the same survey. Statistics Canada republishes CMHC’s rents and vacancy rates for apartment buildings of six or more units; that series is the one in each city page’s table by bedroom type and its vacancy chart. CMHC’s own data tables cover buildings of three or more units, and the survey-zone tables, the province and Canada comparisons and the new-tenant figures use those. The two averages for the same city therefore differ slightly.
- Survey zones are CMHC’s neighbourhood areas within a metropolitan area. CMHC suppresses some figures and rates others poor (use with caution); these pages leave out both, so some zones show “not published.”
- Asking rents come from Statistics Canada’s quarterly average of listed rents on the city pages and from the Rentals.ca/Urbanation National Rent Report on the province pages; both are closer to what a new tenant pays now.
- New and sitting tenants. CMHC separates units whose tenant changed in the past year (turnover units) from units where the tenant stayed; the gap between the two is the premium for moving.
- Affordability. CMHC considers housing affordable when it costs less than 30% of before-tax household income, counting the rent (or mortgage payments, property tax and condo fees) plus electricity, heat, water and other municipal services. The pages compare the income that takes with the median household income from the census, and use the rent alone, so utilities, which CMHC counts, would push the income needed higher.
Rental market by city
- Toronto Rental Market: Ontario’s largest CMA
- Vancouver Rental Market: BC’s largest CMA
- Calgary Rental Market: Alberta’s largest city
- Edmonton Rental Market: Alberta’s capital
- Ottawa Rental Market: Canada’s capital
- Montréal Rental Market: Quebec’s largest CMA
- Winnipeg Rental Market: Manitoba’s capital
- Hamilton Rental Market: GTA spillover market
- Halifax Rental Market: Nova Scotia’s capital
- Victoria Rental Market: BC’s capital
- Saskatoon Rental Market: Saskatchewan’s largest city
- Regina Rental Market: Saskatchewan’s capital
- London Rental Market: southwestern Ontario
- Kitchener-Waterloo Rental Market: Ontario’s tech corridor
- Quebec City Rental Market: Quebec’s capital
Rental market by province
- Ontario Rental Market
- British Columbia Rental Market
- Alberta Rental Market
- Quebec Rental Market
- Saskatchewan Rental Market
- Manitoba Rental Market
- Nova Scotia Rental Market
- New Brunswick Rental Market
- Newfoundland and Labrador Rental Market
- Prince Edward Island Rental Market
Vacancy rates by major city
| Centre | Vacancy rate, October 2025 | A year earlier | Change (points) | Average 2-bedroom rent paid |
|---|---|---|---|---|
| Toronto | 3.0% | 2.5% | +0.5 | $2,046 |
| Montréal | 2.9% | 2.1% | +0.8 | $1,346 |
| Vancouver | 3.7% | 1.6% | +2.1 | $2,363 |
| Calgary | 5.0% | 4.8% | +0.2 | $1,914 |
| Edmonton | 3.8% | 3.1% | +0.7 | $1,603 |
| Ottawa-Gatineau (Ont. part) | 3.0% | 2.6% | +0.4 | $1,926 |
| Winnipeg | 2.8% | 1.7% | +1.1 | $1,571 |
| Québec | 2.4% | 0.9% | +1.5 | $1,277 |
| Hamilton | 3.6% | 2.4% | +1.2 | $1,656 |
| Kitchener-Cambridge-Waterloo | 4.1% | 3.6% | +0.5 | $1,832 |
| London | 4.0% | 2.9% | +1.1 | $1,651 |
| Halifax | 2.7% | 2.1% | +0.6 | $1,826 |
| Victoria | 3.3% | 2.6% | +0.7 | $2,120 |
| Saskatoon | 3.3% | 2.0% | +1.3 | $1,548 |
| Regina | 2.7% | 2.6% | +0.1 | $1,473 |
Source: CMHC Rental Market Report data tables, Table 1.0 (apartments in privately initiated structures of three or more units). Ottawa is the Ontario part of Ottawa-Gatineau.
New tenants vs sitting tenants
CMHC reports separately what tenants who moved in during the past year pay and what tenants who stayed pay:
| Unit type | New tenants, October 2025 | Change from October 2024 | Sitting tenants, October 2025 | Change from October 2024 |
|---|---|---|---|---|
| Bachelor | $1,291 | +4.4% | $1,121 | +6.4% |
| 1 bedroom | $1,562 | +3.9% | $1,334 | +4.5% |
| 2 bedroom | $1,783 | +8.7% | $1,497 | +7.4% |
| 3 bedroom+ | $1,990 | +5.2% | $1,645 | +8% |
| All units | $1,672 | +6% | $1,431 | +6.3% |
Source: CMHC Rental Market Report data tables, Table 6.0, "Average Rent for Turnover and Non-turnover Units" (Canada 10,000+; apartments in privately initiated structures of three or more units). New tenants = units whose tenant changed in the past year.
The city pages show the same split for each major city.
Sources
Browse All Canada Rental Market Data 2026 | Vacancy Rates & Average Rent Articles
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