The Globe and Mail reports in its Thursday, July 9, edition that average asking rents in Canada fell to $2,033 in June, down from last year. A Canadian Press dispatch to The Globe reports that rental prices fell 4.3 per cent from June, 2025, marking the 21st consecutive month of year-over-year declines, according to Rentals.ca and Urbanation's latest analysis. It is the lowest average price for June in four years. The report also said rents have declined 6.9 per cent over the past two years. Prices ticked up 0.2 per cent on a month-over-month basis from May. Asking rents for purpose-built apartments fell 3.1 per cent year-over-year to an average of $2,034 last month, while asking rents for condominium apartments decreased 6.8 per cent to $2,058. Secondary market units such as houses and townhouses saw the steepest annual decline, down 7.4 per cent to $2,017. Despite lower prices compared with previous years, a survey this past spring of Canadian renters who had used Rentals.ca found affordability concerns continued to far outweigh all other rental-market challenges. In June, British Columbia and Ontario saw the largest year-over-year rent drops at 5.3 per cent, with average asking rents at $2,377 and $2,233.