Primary Rental Market
Summary Statistics

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Canada — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 3.4 a ** 504 a 475 a ** 1,819,321
1991 October 4.3 a ** 526 a 500 a 4.1 a 1,840,900
1992 October 4.8 a ** 537 a 510 a 2.8 a 1,841,158
1993 October 4.8 a ** 545 a 520 a 1.7 a 1,837,705
1994 October 4.6 a ** 550 a 525 a 1.1 a 1,838,463
1995 October 4.5 a ** 559 a 530 a 1.5 a 1,831,591
1996 October 4.5 a ** 563 a 533 a 1.3 a 1,829,191
1997 October 4.5 a ** 568 a 540 a 1.4 a 1,832,343
1998 October 4.0 a ** 586 a 550 a ** 1,833,895
1999 October 3.2 a ** 601 a 560 a 2.3 a 1,832,086
2000 October 2.2 a ** 622 a 575 a 3.8 a 1,840,239
2001 October 1.7 a ** 647 a 595 a 4.3 a 1,839,676
2002 October 2.2 a ** 668 a 615 a 3.4 a 1,844,244
2003 October 2.6 a ** 678 a 632 a 2.5 a 1,872,147
2004 October 3.0 a ** 691 a 650 a 1.9 a 1,878,368
2005 October 2.8 a 4.1 a 703 a 655 a 1.9 a 1,876,548
2006 October 2.7 a 3.7 a 724 a 680 a 3.2 a 1,883,719
2007 October 2.7 a 3.7 a 746 a 700 a 3.7 a 1,869,271
2008 October 2.3 a 3.3 a 774 a 725 a 3.0 a 1,822,495
2009 October 3.1 a 4.3 a 782 a 740 a 2.3 a 1,833,953
2010 October 2.9 a 4.0 a 806 a 760 a 2.3 a 1,833,329
2011 October 2.5 a 3.4 a 826 a 775 a 2.3 a 1,838,977
2012 October 2.8 a 3.7 a 844 a 800 a 2.1 a 1,853,137
2013 October 2.9 a 3.9 a 862 a 800 a 2.5 a 1,916,660
2014 October 3.0 a 3.9 a 883 a 825 a 2.4 a 1,961,877
2015 October 3.5 a 4.5 a 907 a 850 a 2.3 a 1,996,883
2016 October 3.7 a 4.8 a 926 a 859 a 1.9 a 2,038,450
2017 October 3.0 a 3.9 a 956 a 886 a 2.7 a 2,062,419
2018 October 2.4 a ** 997 a 912 a 3.4 a 2,100,561
2019 October 2.3 a ** 1,049 a 959 a 4.1 a 2,126,060
2020 October 3.1 a ** 1,097 a 1,000 a 3.7 a 2,174,373
2021 October 3.1 a ** 1,134 a 1,047 a 3.0 a 2,215,712
2022 October 1.9 a ** 1,214 a 1,120 a 5.4 a 2,269,937
2023 October 1.5 a ** 1,314 a 1,200 a 7.9 a 2,307,577
2024 October 2.2 a ** 1,402 a 1,307 a 5.5 a 2,404,284
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)