{"id":728458,"date":"2026-06-10T22:47:09","date_gmt":"2026-06-10T22:47:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/728458\/"},"modified":"2026-06-10T22:47:09","modified_gmt":"2026-06-10T22:47:09","slug":"average-asking-rents-are-getting-lower-in-many-of-canadas-major-cities-heres-how-windsor-is-doing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/728458\/","title":{"rendered":"Average asking rents are getting lower in many of Canada’s major cities \u2014 here’s how Windsor is doing"},"content":{"rendered":"

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Estimated 4 minutes<\/p>\n

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.<\/p>\n

The average asking rent for a one-bedroom apartment in Windsor is now more than $1,500 per month, according to new data from Statistics Canada.<\/a><\/p>\n

It rose by around 1.3 per cent, from $1,490 to $1,510, during the first three months of 2026 when compared to the same period last year.<\/p>\n

The average asking rent for a two-bedroom dropped by $20, from $1880 to $1860, during the same time period. For three-bedrooms it dropped $60 from $2,370 to $2,310.<\/p>\n

Some cities in Canada have seen more significant declines in rental prices as new rental housing comes online and some new condos end up on the rental market, said Anthony Passarelli, the lead economist for southern Ontario with the Canada Mortgage and Housing Corporation (CMHC).<\/p>\n

But Windsor\u2019s rents, he said, are flatlining rather than declining.<\/p>\n

\u201cI think a lot of that has to do with, you haven\u2019t seen that significant supply boost in the rental segment like you\u2019ve seen in some of the major cities,\u201d he said.<\/p>\n

Vacancy rates creating ‘balanced markets’<\/p>\n

\u201cYou have some of that permanent rental housing starting to get built. But again, [a] fairly \u2014 I would say \u2014 small amount, relative to the existing stock.\u201d\u00a0<\/p>\n

The CMHC released its own Mid-Year Rental Market Update <\/a>on Tuesday, which found that vacancy rates in most of Canada\u2019s major cities \u2014 including Toronto, Edmonton, Calgary, Ottawa and Montreal \u2014 are now sitting in what it calls a balanced market range, meaning the vacancy rate results in rental price increases that are consistent with the rate of inflation.\u00a0<\/p>\n

Windsor\u2019s vacancy rate is probably close to being balanced, based on numbers gathered at the end of 2025, Passarelli said.<\/p>\n

But he added, \u201cI would say you’re not necessarily there yet in Windsor.\u201d<\/p>\n

\"HeadAnthony Passarelli is the lead economist for southern Ontario with the Canada Mortgage and Housing Corporation. (CMHC)<\/p>\n

Vacancies across the country are concentrated in newer, higher-priced apartments where landlords are offering incentives to attract renters, the report found. But Passarelli said there\u2019s evidence that people who can afford those homes gradually vacate their less expensive rentals creating a ripple effect throughout the system.\u00a0<\/p>\n

Windsor is a more affordable city to live in than many Canadian cities, Passarelli said, but he added, \u201cI don’t think many people would characterize any of the rental markets as being very affordable.\u201d<\/p>\n

He expects asking rents in the city to continue to stay steady or decrease, he said,\u00a0<\/p>\n

\u201cWe’re going to see some more supply hitting the market,\u201d he said.<\/p>\n

\u201cIn addition, the demand may not necessarily meet that over at least the next couple years.\u201d<\/p>\n

Reductions in the number of non-permanent residents in Canada and a high youth unemployment rate may help suppress the number of renters in the city at the same time as more housing becomes available, he said.\u00a0<\/p>\n

‘Affordability isn’t really where it needs to be yet’<\/p>\n

\u201cThat should actually ease some of these rent pressures a little bit more going forward,\u201d he said.\u00a0<\/p>\n

\u201cWhich is a welcome sign because … affordability isn’t really where it needs to be yet.\u201d<\/p>\n

The director of the Centre for Cities at the University of Windsor said the numbers released Tuesday invite more inquiry into how economic uncertainty is impacting the rental market, how rental prices are affecting homelessness and whether the right kind of housing is being built in Windsor.<\/p>\n

\u201cI think we also just want to take a look at what some of the underlying principles are that guide their concluding thoughts on this report,\u201d Anneke Smit said of the CMHC document.<\/p>\n

\u201cThere is some language in there around young people seeking rental \u2026 as opposed to housing ownership. And that\u2019s .. sort of framed as a choice. \u2026 What I think we would certainly want to be looking deeper into the data to understand [is] … how much has homeownership become an elusive dream?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Listen to this article Estimated 4 minutes The audio version of this article is generated by AI-based technology.…\n","protected":false},"author":2,"featured_media":728459,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-728458","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/728458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=728458"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/728458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/728459"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=728458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=728458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=728458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}