Montreal asking rents up nearly 71% since 2019, says StatsCan

Jenna Benchetrit · CBC News

· Posted: Jun 25, 2025 10:00 AM EDT | Last Updated: 2 hours ago

The mean asking terms of rent successful Montreal has changeable up astir 71 per cent since 2019, according to a rent study released by Statistics Canada connected Wednesday.

Since 2019, asking rent successful the country's second-largest metropolis has grown from $1,130 to $1,930 successful the archetypal 4th of 2025, the information bureau said successful its first-ever quarterly rent statistic report.

Elsewhere successful Quebec, the cities of Drummondville and Sherbrooke — which had the lowest mean asking rents astatine the commencement of this twelvemonth — saw the biggest uptick successful mean asking rents for two-bedroom apartments since the archetypal 4th of 2019.

The study draws from asking rents to exemplify the latest marketplace trends, due to the fact that "prospective renters typically look higher rents compared with semipermanent tenants" whose rents bespeak past leases, the study said.

In the remainder of Canada, the mean asking rent for a two-bedroom flat was highest successful Vancouver, wherever the fig stood astatine $3,170 successful the archetypal 4th of 2025. It was followed by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490).

Montreal ranks 17th connected that list, according to Statistics Canada.