Canada's Rent Prices are Still Wilding 🇨🇦🏠📉

The Deets

Yo, fam, let's talk about rent in Canada 'cause it's a whole vibe, and not in a good way. So, like, overall, rent prices for a 1-bed dropped by 1.9% in Q1 2025 compared to last quarter, which sounds like a W, right? WRONG. Prices are still way higher than they were back in 2019. Like, up to 90% higher in some cities, which is just... oof.

Let's break it down by city 'cause some places are straight-up wilding. Vancouver's still the queen bee with the most expensive 2-beds, averaging around $3,170. That's a 7.8% decrease from last year, but like, who's really feeling that? Toronto's clocking in at $2,690, and Ottawa's creeping up there too at $2,490, with an 8.7% increase. Victoria sits at $2,680.

But here's the tea: smaller cities in Quebec are having a moment. Drummondville and Sherbrooke have seen HUGE increases in rent since 2019, even though they're still cheaper overall. Montreal's also up there, even tho they're holding the 17th place for the highest rental prices. Sherbrooke, QC, saw the FASTEST GROWTH from 2019 to 2025, with an increase of 90.7%.

And if you're thinking about just renting a room to save some coin? Think again. In some B.C. cities, it might not even be worth it. Vancouver's got the highest average asking rent for a single room at $1,070. Several Quebec markets had room rents less than half of Vancouver's. Bruh.

Basically, the rent is too damn high, and no city in Canada is really affordable for someone working full-time on minimum wage. We're all just out here hustling and still can't afford a place to live. What a time to be alive, amirite?