Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023.
Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels.
Here’s how much extra Edmonton renters are paying compared to 2023
Edmonton renters face higher costs than two years ago, with one-bedroom units averaging $1,386 and two-bedrooms $1,737, though rents have
