Montreal asking rents up nearly 71% since 2019, says StatsCan
Since 2019, asking rent in the country's second-largest city has grown from $1,130 to $1,930 in the first quarter of 2025, the data agency said in its first-ever quarterly rent statistics report.
Elsewhere in Quebec, the cities of Drummondville and Sherbrooke — which had the lowest average asking rents at the start of this year — saw the biggest uptick in average asking rents for two-bedroom apartments since the first quarter of 2019.
The report draws from asking rents to illustrate the latest market trends, because "prospective renters typically face higher rents compared with long-term tenants" whose rents reflect past leases, the report said.
In the rest of Canada, the average asking rent for a two-bedroom apartment was highest in Vancouver, where the figure stood at $3,170 in the first quarter of 2025. It was followed by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490).
Montreal ranks 17th on that list, according to Statistics Canada.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
7 minutes ago
- Globe and Mail
Republic Technologies Announces 2025 AGSM Results
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2025) - Republic Technologies Inc. (CSE: DOCT) (FSE: 7FM0) (the " Company" or " Republic") is pleased to announce that all matters put forth at the Company's Annual General and Special Meeting of Shareholders (the " Meeting") held on August 19, 2025 were approved by its shareholders. The Company's shareholders voted to fix the number of directors of the Company at four and elected the following four nominees to the board of directors: Daniel Liu, Hongming Luo, Tianrui Zhang and Litong Cao. Each of the nominees will hold office until the next annual meeting of shareholders, unless he or she sooner ceases to hold office. The shareholders appointed Charlton & Company, CPA as the auditor of the Company. The shareholders also passed (i) an ordinary resolution approving the adoption of a new 20% rolling long-term incentive plan; and (ii) a special resolution approving the deletion and replacement of the Company's Articles. A copy of the Company's Articles is available under the Company's profile on SEDAR+ ( Additional information regarding each of the items approved at the Meeting is set out in the Company's Information Circular dated July 8, 2025, that is available on SEDAR+ ( under the Company's profile. About Republic Technologies Inc. Republic Technologies is a publicly traded technology company integrating Ethereum infrastructure into the global economy. Backed by an ETH-denominated treasury, we operate proprietary validator and attestation networks to safeguard data integrity for universal applications.
CTV News
an hour ago
- CTV News
Which city-owned properties could be converted into supportive housing
A design rendering for a proposed supportive housing facility on Stella Avenue. (City of Winnipeg) The city is calling on Winnipeggers to weigh in on plans to convert five properties into supportive housing. The properties, which are all city-owned sites, are on Sherburn Street, Plessis Road, Stella Avenue, Poseidon Bay, and north McPhillips Street. ADVERTISEMENT If converted, the sites would offer safe, stables homes with wrap-around health, wellness and safety services, the city said. Winnipeg supportive housing A potential design for a supportive housing complex on Plessis Road with 20 to 25 units, greens pace and parkland. (City of Winnipeg 'Supportive housing is a proven, effective tool in reducing homelessness, with long-term benefits for residents and neighbourhoods,' Mayor Scott Gillingham said in a news release. The supportive housing project is the first phase of the city's plan to provide city land for supportive housing in a push to combat homelessness. The city is responsible for deciding on the land, rezoning it, and then handing it over to non-profit organizations, which will be tasked with developing and operating the sites. Winnipeg supportive housing A design rendering for a proposed supportive housing property on Sherburn Street. According to the city, it would house 15 to 20 units. (City of Winnipeg) The homes will be used by people at 'key life stages,' the city added, including refugees and refugee claimants, people leaving hospitals, youth exiting care, people transitioning from encampments, those at risk of gender-based violence and people with mental health needs. Winnipeggers are invited to learn more about the sites and upcoming rezoning at three open houses from Sept. 2 to 4. A public hearing is also scheduled for Sept. 12. Details can be found on the city's website.
CTV News
an hour ago
- CTV News
Manitoba wildfire season costs being revealed
Winnipeg Watch The Manitoba government is giving its first glimpse at how much this year's wildfire season is costing the province.
