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British ColumbiaA monthly report from Rentals.ca and Urbanation said the figures mark two full years of annual declines, the longest downturn the Canadian rental market has experienced in recent history. Average asking prices in September across Canada were down 7.3% over the last 2 yearsDaniel Johnson · The Canadian Press · Posted: Oct 07, 2026 6:50 PM EDT | Last Updated: October 7Listen to this articleEstimated 3 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. A report has found that average asking rents across Canada have been dropping for 2 straight years. (David Horemans/CBC)The average asking price for a rental unit in Canada in September was $2,034, down 4.2 per cent compared with a year ago. A monthly report from Rentals.ca and Urbanation said the figures mark two full years of annual declines, the longest downturn the Canadian rental market has experienced in recent history.   Average asking rent prices in September were down 7.3 per cent over the past two years, and 9.2 per cent below the peak of $2,202 in May 2024.