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Canada's Rent Slide Is Finally Stalling — What It Means If You Rent or Rent Out

  Published August 13, 2026 For nearly two years, "Canadian rents are falling" has been one of the safest headlines in personal finance. The August 2026 National Rent Report from Rentals.ca and Urbanation, released last week, suggests that streak may finally be running out of road — and the shift matters whether you're the one paying rent or the one collecting it. The Numbers National avg. asking rent (July) $2,037 Year-over-year change -4.0% (22nd straight monthly decline) Month-over-month change +0.2% (4th straight monthly rise) Toronto, month-over-month +1.6% to $2,577 Falling, But Not as Fast Rent is still dropping on a year-over-year basis nationally — that's now been true for 22 straight months. But the pace of the decline has been easing since it bottomed out in March, and July marked the smallest annual drop since February. On a month-to-month basis, rent has now risen for four months running, which typically happens every summer as the market hits its season...
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Toronto vs. Vancouver 2025: What It Really Costs to Live in Canada’s Top Cities

 


In 2025, the cost of living in Toronto and Vancouver continues to reflect their status as Canada’s most vibrant—and expensive—urban centers. Here's a real breakdown of what it takes to live comfortably in each city.

Housing

  • Toronto: Rent for a 1-bedroom apartment in the city center averages C$2,465, while a 3-bedroom goes for C$3,968.
  • Vancouver: Slightly higher, with a 1-bedroom at C$3,212 and a 3-bedroom at C$6,110.

Groceries

  • Toronto: Monthly grocery costs for one person hover around C$821, with essentials like milk at C$4.39 and chicken fillets at C$17.26.
  • Vancouver: Groceries are pricier, averaging C$912.80 monthly. Milk costs C$4.42, and chicken fillets reach C$23.59.

Utilities & Internet

  • Toronto: Basic utilities for a 915 sq ft apartment cost C$173, and internet adds C$70.
  • Vancouver: Utilities are slightly cheaper at C$151, but internet is higher at C$117.83.

Transportation

  • Toronto: A monthly TTC pass is C$156.
  • Vancouver: TransLink’s monthly pass is C$107.30, making it more affordable for commuters.

Dining Out & Entertainment

  • Toronto: A meal at an inexpensive restaurant averages C$25, and a night out can cost C$240 monthly.
  • Vancouver: Dining is comparable, with casual meals around C$36, and cinema tickets at C$23.

Final Thoughts

Toronto offers a slightly more affordable lifestyle in terms of rent and groceries, while Vancouver shines with lower utility and transit costs—but higher housing prices. Both cities demand careful budgeting, but they reward residents with world-class amenities, culture, and career opportunities.


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