2024 saw average rents fall for the first time since the pandemic, report says

2024 saw average rents fall in Canada for the first time since the COVID-19 pandemic began in 2020, when rents fell 5.4 per cent, with Toronto seeing a 7.1 per cent decrease, a national rent report shows.

In December, the average asking rent for all residential property types in Canada hit a 17-month low, falling by 3.2 per cent from last year to $2,109. 

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