A recent report from Statistics Canada reveals that Montreal's average asking rent has increased by nearly 71% since 2019, from $1,130 to $1,930 by the first quarter of 2025. This report, the first of its kind, analyzes rental trends and highlights drastic changes in the market, particularly for prospective renters facing higher costs. Cities like Drummondville and Sherbrooke also experienced substantial rises in asking rents for two-bedroom apartments. In comparison, Vancouver tops the rental market in Canada with average asking rents reaching $3,170.
The average asking rent in Montreal has increased by nearly 71% since 2019, hitting $1,930 in early 2025 according to Statistics Canada's report.
In Drummondville and Sherbrooke, Quebec cities with the lowest average rents, significant increases in asking prices for two-bedroom apartments have been observed.
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