A new report indicates that asking rents in Canada have fallen for the 16th consecutive month, reaching a 31-month low in January. The Rentals.ca and Urbanation report reveals a 4.6% year-over-year decline in Toronto rents, bringing the average to $2,495. This softening market has improved affordability, with the average rent-to-income ratio falling below 30% for the first time in six years. Smaller unit sizes are also contributing to the decline. While three-bedroom rentals are seeing price increases, overall, renters in the GTA are experiencing some relief. For a deeper dive into the national trends and regional variations, check out the full article on BNN Bloomberg.
[https://www.bnnbloomberg.ca/business/real-estate/2026/02/09/average-asking-rents-in-canada-fall-for-16th-straight-month-report/](https://www.bnnbloomberg.ca/business/real-estate/2026/02/09/average-asking-rents-in-canada-fall-for-16th-straight-month-report/)
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