Brampton ranked at No. 15 on a list of the 20 most expensive Canadian cities for rentals. Barrie came in at No. 14 with an average rent of $2,308, while Vaughan ranked 16th with an average rent of $2,265.<\/p>\n
Nationwide, the average asking rent for apartments and condos was $2,041 in October \u2013 up 0.2 per cent from September and down 2.5 per cent year-over-year, according to the report.<\/p>\n
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When compared to October 2025, the numbers show Ontario posted last month\u2019s largest decline in apartment and condo rents with a drop of 2.5 per cent to $2,242, followed by Alberta (down 1.8 per cent), Quebec (down 1.7 per cent) and B.C. (down 1.3 per cent).<\/p>\n
Across all property types, Ontario saw the largest annual decline \u2013 down 3.4 per cent to $2,252 \u2013 while rents in Atlantic Canada were up 6.2 per cent to $2,297. Apartment and condo rents rose 0.5 per cent in Ontario last month \u2013 the second-highest provincial increase behind Nova Scotia\u2019s\u00a04.3 month-over-month climb.<\/p>\n
Apartment and condo rents rose year-over-year in both Toronto (up 1.6 per cent to $2,590) and Vancouver (up 0.2 per cent to $2,735) in October. Toronto saw the first annual increase after 32 consecutive months of decline and the largest annual gain among the six largest markets, according to the report.<\/p>\n
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Rent in Ottawa for apartments and condos was also up 0.3 per cent year-over-year to $2,170.<\/p>\n