Average asking rents fall for 13th straight month to $2,105 in October: report

Asking rents in Canada were down 2.2 per cent in October from a year earlier to an average of $2,105, marking the 13th straight month of annual declines.

The latest monthly report from Rentals.ca and Urbanation says asking rents for purpose-built apartments ticked 0.7 per cent lower to an average of $2,085, while asking rents for condominium apartments fell 4.3 per cent year-over-year to $2,167.

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