August 2026 Montreal rent report

The average asking rent for an unfurnished one-bedroom in Montreal was $1,605 in August, up 1.2% from July but still $88 below where it was a year ago.

At a glance

• Every Montreal neighbourhood except Hochelaga-Maisonneuve saw unfurnished rents fall year-over-year
  • Nine of Montreal’s 10 tracked neighbourhoods recorded lower unfurnished one-bedroom rents in August compared with a year earlier, with declines ranging from 1.4% in Ahuntsic-Cartierville to 13.8% in Villeray-Parc-Extension. Across those nine neighbourhoods, rents decreased by an average of approximately 5.7%. Hochelaga-Maisonneuve was the lone exception, edging up 1.3% to $1,419.
• Villeray-Parc-Extension posts the city’s steepest year-over-year decline
  • Villeray-Parc-Extension’s unfurnished one-bedroom rent fell 13.8% year-over-year to $1,368, down from $1,587 in August 2025, the steepest decline of any Montreal neighbourhood. That drop also leaves Villeray-Parc-Extension as the city’s most affordable neighbourhood this month.
• Furnished and unfurnished one-bedroom rents moved in opposite directions this month
  • Montreal’s average unfurnished one-bedroom rent rose 1.2% month-over-month to $1,605, while the average furnished one-bedroom rent eased 0.8% to $1,610.

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

Let’s look now at the current rental costs and overarching trends in Montreal for August 2026.

Average rent across Montreal

This month, the average asking rent for an unfurnished one-bedroom unit increased 1.2% from July, settling at $1,605 per month. Since August 2025, the Montreal average for an unfurnished one-bedroom has decreased 5.2%, a drop of $88, though it remains well below rates in other major Canadian rental markets like Metro Vancouver and Toronto.

Viewed across the year so far, unfurnished one-bedroom asking rents in Montreal have held below the same months in 2025 throughout, though the gap has narrowed over the course of the year.

Month-to-month rent change

To better understand how rent prices shifted across Montreal this month, here are the most significant month-over-month movements for furnished and unfurnished one-bedroom units.

Among furnished one-bedroom units, Notre-Dame-de-Grâce/Côte-des-Neiges recorded the largest increase, rising 5.2%, followed by Downtown at 3%. Le Plateau-Mont-Royal posted the largest decrease, falling 7.9%, followed by Villeray-Parc-Extension at 3.5%.

Among unfurnished one-bedroom units, Westmount recorded the largest increase, rising 4.7%, followed by Villeray-Parc-Extension at 4.1%. Ahuntsic-Cartierville posted the largest decrease, falling 3.4%, followed by Hochelaga-Maisonneuve, which eased 0.2%.

Montreal unfurnished vs furnished rent averages

Average prices for furnished and unfurnished one-bedroom units in Montreal moved in opposite directions this month. Furnished one-bedrooms eased 0.8% to $1,610 per month, while unfurnished units increased 1.2% to $1,605. Based on the displayed averages, a furnished one-bedroom currently rents for $5 more per month than an unfurnished one.

Looking for our full August 2026 Montreal rent report? Download your copy in the downloadable resources section for all the latest insights, including a detailed breakdown by neighbourhood.

Neighbourhood breakdown

We break Montreal down by neighbourhood for a more complete picture of the city’s rental market. Across all 10 neighbourhoods we track, Downtown is the most expensive place to rent this month, with an unfurnished one-bedroom asking $1,819 per month. Villeray-Parc-Extension is the most affordable at $1,368 per month.

The table below breaks down this month’s average asking rent by neighbourhood and listing type, along with each neighbourhood’s year-over-year change on unfurnished one-bedroom units. The table is interactive: sort any column, or download it as an image.

Let’s look even closer at the different listing types to see the differences in one-, two-, and three-bedroom rental rates across each area.

• Le Plateau-Mont-Royal, Downtown, and Westmount were the only neighbourhoods that saw an increase in price across all types of unfurnished units this month.
• Saint-Laurent and Ahuntsic-Cartierville were the only neighbourhoods that saw a decrease in price across all types of unfurnished units.
• Downtown, Saint Henri, Notre-Dame-de-Grâce/Côte-des-Neiges, and Ahuntsic-Cartierville were the only neighbourhoods where furnished one-bedroom rents increased this month.

The chart below shows the percentage change since last month for furnished and unfurnished one-bedroom units across every Montreal neighbourhood.

Be sure to subscribe to our mailing list so you never miss an update on the Montreal rental market.

Downloadable resources

Data collection methodology

Rethink the way you rent

Not on liv.rent yet? Experience the ease of digital applications and contracts, verified tenants and landlords, virtual tours, and more, all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Calgary and Edmonton rent report

The post August 2026 Montreal rent report appeared first on liv.rent blog.

August 2026 Winnipeg rent report

The average asking rent for an unfurnished one-bedroom in Winnipeg was $1,338 in August, a decrease of 1.16% from July that ended three straight months of increases.

At a glance

• Winnipeg’s citywide rent decline breaks a three-month climb
  • The average asking rent for an unfurnished one-bedroom in Winnipeg fell to $1,338 in August, a decrease of 1.16% from July and the first month-over-month decline since April. Rents had climbed for three consecutive months, from $1,304 in April to $1,353 in July, before easing this month. Five of Winnipeg’s six neighbourhoods recorded lower unfurnished one-bedroom rents in August, with only St. Boniface posting an increase.
• Winnipeg Downtown posts declines across every unfurnished unit size
  • Winnipeg Downtown was the only neighbourhood where unfurnished rents fell across all three unit sizes this month. Its unfurnished three-bedroom rent dropped 5.99% to $1,981, and its two-bedroom rent fell 5.52% to $1,836, while the one-bedroom average eased 1.63% to $1,334.
• Furnished units are not always the pricier option in Winnipeg
  • In North End and South Winnipeg, average furnished one-bedroom asking rents came in below their unfurnished counterparts this month. North End’s furnished one-bedroom average was $906, compared with $1,316 unfurnished, while South Winnipeg’s furnished one-bedroom average was $863, compared with $1,369 unfurnished. Winnipeg Downtown followed the more typical pattern, with furnished one-bedroom units asking $1,606, about 20% more than the $1,334 unfurnished average.

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

Let’s look now at the current rental costs and overarching trends in Winnipeg for August 2026. Curious how Winnipeg compares with other major Canadian markets? Take a look at our latest Metro Vancouver and Toronto rent reports.

Average rent across Winnipeg

This month, the average asking rent for an unfurnished one-bedroom unit in Winnipeg decreased 1.16% from July, a drop of $15, settling at $1,338 per month. That marks the first month-over-month decline since April, breaking a run of increases that carried the citywide average from $1,304 in April to $1,353 in July. Even after this month’s pullback, Winnipeg’s average one-bedroom rent remains above where it started the spring.

Manitoba’s annual rent increase guideline for 2026 is set at 1.8%, calculated from the province’s Consumer Price Index and applying to most residential rental units. Landlords planning an increase should confirm their unit isn’t exempt, since units renting at $1,670 or more per month and buildings first occupied after March 2005 fall outside the guideline, and should provide tenants at least three months’ written notice before the increase takes effect.

Month-to-month rent change

Among unfurnished one-bedroom units, South Winnipeg recorded the largest decrease at 2.45%, followed by North End at 1.72% and Winnipeg Downtown at 1.63%. St. Boniface was the only neighbourhood to see an increase, up 1.37% from July.

Two-bedroom units softened across every neighbourhood this month, led by a 6.23% decline in North End. Three-bedroom units were more mixed: St. Boniface posted the largest increase at 7.60%, while Winnipeg Downtown recorded the largest decrease at 5.99%.

Winnipeg unfurnished vs. furnished rent averages

The citywide average asking rent for an unfurnished one-bedroom in Winnipeg decreased 1.16% this month to $1,338. Citywide furnished one-bedroom data was not available in August, but neighbourhood-level furnished figures tell an interesting story where they do exist.

Furnished units don’t always carry the premium renters might expect. In Winnipeg Downtown, a furnished one-bedroom asks $1,606 this month, about 20% more than the $1,334 unfurnished average there, in line with the usual pattern. But in North End and South Winnipeg, furnished one-bedrooms are actually asking less than unfurnished units in the same area: $906 versus $1,316 in North End, and $863 versus $1,369 in South Winnipeg. Renters open to a furnished unit in either neighbourhood may find it’s the better deal this month.

Looking for our full August 2026 Winnipeg rent report? Download your copy in the downloadable resources section for all the latest insights, including a detailed breakdown by neighbourhood.

Neighbourhood breakdown

Across Winnipeg’s six neighbourhoods, South Winnipeg is the most expensive place to rent this month, with an unfurnished one-bedroom asking $1,369 per month. St. Boniface is the most affordable at $1,301 per month, a gap of $68 between the city’s priciest and most affordable areas for a one-bedroom.

Let’s look even closer at the different listing types to see the differences in one-, two-, and three-bedroom rental rates across each area.

• All unfurnished one-bedroom rent prices decreased across Winnipeg neighbourhoods except St. Boniface.
• Unfurnished two-bedroom rent prices decreased across every Winnipeg neighbourhood this month.
• All types of unfurnished rental units decreased in Winnipeg Downtown.

For a full breakdown by neighbourhood and bedroom count, see the furnished and unfurnished tables below.

The table below is interactive: sort any column, or download it as an image.

Here is the month-over-month percentage change in unfurnished rent by neighbourhood.

Be sure to subscribe to our mailing list so you never miss an update on the Winnipeg rental market.

Downloadable resources

Data collection methodology

Rethink the way you rent

Not on liv.rent yet? Experience the ease of digital applications and contracts, verified tenants and landlords, virtual tours, and more, all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Calgary and Edmonton rent report

The post August 2026 Winnipeg Rent Report appeared first on liv.rent blog.

August 2026 Calgary and Edmonton rent report

The average asking rent for an unfurnished one-bedroom was $1,465 in Calgary and $1,264 in Edmonton this August. Calgary eased slightly from July, while Edmonton increased, though both remained well below where they stood a year ago.

At a glance

• Unfurnished one-bedroom rents declined year-over-year across both Alberta metros
  • Calgary’s average unfurnished one-bedroom rent fell 7.46% year-over-year to $1,465, down from $1,583 in August 2025. Edmonton’s fell 2.91% over the same span, to $1,264 from $1,301.
• Calgary’s furnished segment has cooled far more sharply than Edmonton’s
  • Calgary’s average furnished one-bedroom rent dropped 16.96% year-over-year, from $1,898 to $1,576, nearly double Edmonton’s 8.80% decline over the same period, from $1,549 to $1,413.
• Calgary Southwest shows furnished and unfurnished rents moving in opposite directions
  • Furnished one-bedroom rents in Calgary Southwest fell 5.96% this month to $1,590, while unfurnished one-bedrooms rose 1.86% to $1,556. Two-bedroom units showed the same split: furnished down 3.49% to $1,980, unfurnished up 4.29% to $1,959.

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its policy interest rate at 2.25%, the sixth consecutive hold. The next scheduled announcement is September 2, 2026. Alberta does not cap rent increases. For a monthly periodic tenancy, landlords must give at least three full tenancy months’ written notice, and rent cannot increase during a fixed term or until at least 365 days have passed since the tenancy began or the rent was last increased.

Let’s look now at the current rental costs and overarching trends in Calgary and Edmonton for August 2026.

Average rent across Calgary

This month, Calgary’s average asking rent for an unfurnished one-bedroom eased 0.25% from July, settling at $1,465 per month. Since August 2025, the Calgary average for an unfurnished one-bedroom has decreased 7.46%, a drop of $118.

Month-to-month rent change

To better understand how rent prices have shifted across Calgary this month, here is the percentage change for furnished and unfurnished one-bedroom units by quadrant.

Among furnished one-bedroom units, Calgary Southeast was the only quadrant to see an increase, up 3.24%, while Northeast posted the largest decrease at 7.76%, followed by Southwest at 5.96%. Among unfurnished one-bedroom units, Southwest recorded the largest increase at 1.86%, while Northeast posted the largest decrease at 2.27%.

Average unfurnished and furnished rates

Unfurnished vs. furnished rates in Calgary

Calgary’s furnished one-bedroom rents decreased 2.97% this month to $1,576, while unfurnished one-bedrooms eased a smaller 0.25% to $1,465. A furnished one-bedroom currently rents for $111 more per month than an unfurnished one on average.

Average rent across Edmonton

This month, Edmonton’s average asking rent for an unfurnished one-bedroom rose 2.25% from July, settling at $1,264 per month. Since August 2025, the Edmonton average for an unfurnished one-bedroom has decreased 2.91%, a drop of $38.

Month-to-month rent change

Turning to Edmonton, here is the percentage change for furnished and unfurnished one-bedroom units by sector this month.

Among unfurnished one-bedroom units, five of Edmonton’s six sectors increased, led by Northeast at 6.68%, with Southeast the lone exception, down 0.82%. Among furnished one-bedroom units, Southeast recorded the largest increase at 5.38%, while West held essentially flat, down 0.04%, the only sector to post a decrease.

Unfurnished vs. furnished rates in Edmonton

Turning to Edmonton, furnished one-bedroom rents rose 1.08% this month to $1,413, while unfurnished one-bedrooms rose 2.25% to $1,264. A furnished one-bedroom currently rents for $149 more per month than an unfurnished one on average.

Quadrant/Sector breakdown

Rental averages vary widely within both Calgary and Edmonton, so we break the data out by quadrant and sector to compare one-bedroom, two-bedroom, and three-bedroom rates for furnished and unfurnished units. This month, Calgary’s most expensive quadrant for an unfurnished one-bedroom is Southwest at $1,556, while Northeast is the most affordable at $1,320. In Edmonton, Southwest is the priciest sector at $1,344, while West is the most affordable at $1,197.

Quadrant breakdown: Calgary

Looking closer at Calgary by listing type, here is what changed since last month:

• Furnished one-bedroom rents decreased across four of Calgary’s five quadrants, the exception being Southeast, up 3.24%.
• Unfurnished two-bedroom rents increased across four of five quadrants, the exception being Northwest, down 5.31%.
• Unfurnished three-bedroom rents increased across four of five quadrants, the exception being City Centre, down 0.91%.

The table below combines furnished and unfurnished rates into a single view with year-over-year context, and can be sorted by any column or downloaded as an image.

Sector breakdown: Edmonton

Looking closer at Edmonton by listing type, here is what changed since last month:

• Unfurnished one-bedroom rents increased across five of Edmonton’s six sectors, the exception being Southeast, down 0.82%.
• Unfurnished two-bedroom rents also increased across five of six sectors, again with Southeast as the exception, down 3.60%.
• Furnished one-bedroom rents increased across four of the five Edmonton sectors with data this month, the exception being West, essentially flat, down 0.04%.

As with Calgary, the table below combines furnished and unfurnished rates with year-over-year context, and can be sorted by any column or downloaded as an image.

Downloadable resources

Rental resources for Alberta renters

These comprehensive guides cover renting in Alberta and using liv.rent to streamline your rental process.

• FAQ: Landlord & tenant responsibilities in Alberta
• FAQ: Everything you need to know about rent deposits in Alberta
• The Complete User Guide To liv.rent For Landlords & Property Managers
• The Ultimate Renter’s Guide To Using liv.rent

Data collection methodology

Rethink the way you rent

Not on liv.rent yet? Experience the ease of digital applications and contracts, verified tenants and landlords, virtual tours, and more, all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Winnipeg rent report

The post August 2026 Calgary & Edmonton rent report appeared first on liv.rent blog.

August 2026 Metro Vancouver rent report

The average asking rent for an unfurnished one-bedroom in Metro Vancouver was $2,098 in August, up slightly from July but still $107 below where it was a year ago.

At a glance

• Unfurnished one-bedroom rents declined across every Metro Vancouver city year-over-year
  • All nine cities recorded lower unfurnished one-bedroom rents compared with August 2025, with declines ranging from 1.6% in Langley to 8.46% in Richmond. Across the nine municipalities, rents decreased by an average of approximately 4.7%.
• Burnaby is the only city where every rental category rose this month
  • Burnaby recorded month-over-month increases across all six rental categories, furnished and unfurnished alike. Its largest gain was for furnished three-bedroom homes, which rose 4.74% from $3,046 to $3,190.
• Coquitlam’s furnished and unfurnished markets are moving in opposite directions
  • Since July, Coquitlam’s furnished one-bedroom rents fell 1.21% from $2,051 to $2,026 and furnished two-bedroom rents fell 3.12% from $2,426 to $2,350. Over the same period, unfurnished one-bedroom rents rose 1.85% from $1,999 to $2,036, while unfurnished two-bedroom rents rose 0.63% from $2,403 to $2,418.

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its policy interest rate at 2.25%, the sixth consecutive hold. The next scheduled announcement is September 2, 2026. B.C.’s annual allowable rent increase limit for 2026 remains capped at 2.3%.

Let’s look now at the current rental costs and overarching trends in Vancouver for August 2026.

Average asking rent across Metro Vancouver

This month, the average asking rent for an unfurnished one-bedroom unit increased 0.45% from July, settling at $2,098 per month. Since August 2025, the Metro Vancouver average for an unfurnished one-bedroom has decreased 4.86%, a drop of $107.

Planning on raising rent this year? B.C.’s annual allowable rent increase limit for 2026 is capped at 2.3%. Find out when and how to increase rent, and how to comply with provincial guidelines, by reading our updated guide to B.C. rent increases.

Rental trend

Viewed across the year so far, unfurnished one-bedroom asking rents have held in a narrow band since January while remaining below the same months in 2025. The gap against last year continued to narrow in August, down to 4.86% from 6.43% in July.

Month-over-month rent change

To better understand how rent prices have shifted across Metro Vancouver cities, here are the most significant month-over-month movements for furnished and unfurnished one-bedroom units.

Among furnished one-bedroom units, West Vancouver recorded the largest increase at 3.94%, followed by Vancouver at 2.33% and Burnaby and Langley, both at 1.96%. Surrey posted the largest decrease at 3.80%, followed by Coquitlam at 1.21% and North Vancouver at 1.14%.

Among unfurnished one-bedroom units, North Vancouver recorded the largest increase at 3.59%, followed by Coquitlam at 1.85%. Richmond posted the largest decrease at 2.67%, followed by Langley at 1.05%.

Rent per square foot

Where is the most affordable place to rent in Metro Vancouver based on the space you get? As of August 2026, the average asking rent per square foot eased 0.35% from July to $3.14. The least expensive cities for square footage are Richmond, Coquitlam, and Langley. The most expensive are North Vancouver, Vancouver, and Burnaby.

Active listing data

We also examine detailed statistics for currently active listings on the market to see which property types and bedroom counts are most represented. For renters, these numbers show the types of units you are most likely to encounter across Metro Vancouver. For landlords, they indicate how much competition you face based on current supply.

Active listings by property type

As of August 2026, apartments were the most common rental property type on the market at 73.41% of active listings. Partial houses were the second most represented unit type this month at 15.91%, followed by houses at 6.81% and townhouses at 3.87%.

Active listings by number of bedrooms

Looking at bedroom counts, one-bedroom units were the most common listing this month at 46.69%, with two-bedroom units close behind at 42.54%. Three-bedroom units made up the remaining 10.77%.

Average unfurnished and furnished rates

Average prices for both furnished and unfurnished one-bedroom units increased across Metro Vancouver this month. Furnished one-bedrooms increased 0.34% to $2,181 per month, while unfurnished units increased 0.45% to $2,098. A furnished one-bedroom currently rents for $83 more per month than an unfurnished one on average.

Looking for our full August 2026 Metro Vancouver rent report? Download your copy in the downloadable resources section for all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown

Rental averages vary widely across Metro Vancouver, so we break the data out by municipality to compare one-bedroom, two-bedroom, and three-bedroom rates for furnished and unfurnished units. Highlights from this month’s findings:

• All unfurnished unit types increased in price across Burnaby, Surrey, North Vancouver, and New Westminster.
• All furnished unit types increased in Vancouver and Burnaby. Richmond and Surrey also had complete furnished three-bedroom data this month, but not all furnished categories increased in those two cities.
• Coquitlam’s unfurnished rents are rising while its furnished rents fall: unfurnished one-bedroom rents increased 1.85% and two-bedroom rents increased 0.63%, while furnished one-bedroom rents decreased 1.21% and two-bedroom rents decreased 3.12%.

The table includes a year-over-year column comparing each city’s unfurnished one-bedroom asking rent with August 2025. Every city sits below where it was a year ago, with declines ranging from 1.6% in Langley to 8.46% in Richmond. The table is interactive: sort any column, or download it as an image.

Neighbourhood breakdown

We break Vancouver down by neighbourhood for a more complete picture of the city’s rental markets. For neighbourhood detail in municipalities outside Vancouver, download the complete rent report.

Among City of Vancouver neighbourhoods with available unfurnished one-bedroom data, West Point Grey and UBC is the most expensive this month at $2,741 per month, while Sunset and Victoria Fraserview is the most affordable at $1,802 per month.

We have added new neighbourhoods to our monthly reports that are not shown in the data below. For those additional neighbourhoods, furnished rental statistics, and neighbourhood breakdowns for other Metro Vancouver cities, download your copy of the full report in the downloadable resources section.

Most expensive cities in Canada

This August, four of the country’s five most expensive cities are again in Metro Vancouver, though the lineup has shifted since July: Burnaby has entered the top five in place of Richmond. West Vancouver claims the top spot as the most expensive city in Canada to rent in, followed by North Vancouver, Vancouver, and Burlington, Ontario, with Burnaby rounding out the top five.

*Based on a smaller sample of listings.

These insights are exclusive to our blog and give more context to each month’s rental data. Based on data sourced directly from liv.rent, these statistics provide a broader view of the current rental situation in Canada.

Renter demographics

liv.rent renters span several age groups, with the largest share aged 35 to 44 at 38%, followed by renters aged 25 to 34 at 24%. Renters aged 45 to 54 account for 15%, renters under 25 account for 12%, and renters aged 55 and older account for 11%.

Pet-friendly rentals

liv.rent continues to be the rental platform with the most pet-friendly rentals. This August, 24% of units on other rental platforms were pet-friendly, compared with 55% of all units listed on liv.rent.

Downloadable resources

Rental resources for B.C. renters

These comprehensive guides cover renting in B.C. and using liv.rent to streamline your rental process.

• B.C. residential tenancy agreement explained
• Guide to B.C. tenancy forms
• The complete user guide to liv.rent for landlords and property managers
• The ultimate renter’s guide to using liv.rent

Data collection methodology

Rethink the way you rent

Not on liv.rent yet? Experience the ease of digital applications and contracts, verified tenants and landlords, virtual tours, and more, all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Calgary and Edmonton rent report

The post August 2026 Metro Vancouver rent report appeared first on liv.rent blog.

August 2026 Ontario rent report

The average asking rent for an unfurnished one-bedroom in the City of Toronto was $1,947 in August, down slightly from July and $124 below where it was a year ago.

At a glance

• City of Toronto rents are down nearly 6% from a year ago
  • The average asking rent for an unfurnished one-bedroom in the City of Toronto was $1,947 this August, down 5.99% from $2,071 in August 2025. Rents have sat below the same month a year earlier every month so far in 2026.
• Mississauga’s furnished rents pulled back sharply
  • Mississauga posted the sharpest single move in the dataset this month, with furnished one-bedroom rents falling 14.40% from $1,931 to $1,653. Furnished two-bedroom rents in Mississauga also decreased 4.91%, even as the city’s unfurnished one-bedroom rents rose 1.12%.
• Furnished one-bedrooms are now cheaper than unfurnished ones in Toronto
  • The average furnished one-bedroom in the City of Toronto, at $1,930, cost less than the average unfurnished one-bedroom, at $1,947, this month, a reversal of the usual furnished premium. Furnished one-bedroom rents rose 0.65% from July, while unfurnished one-bedroom rents fell 0.68% over the same period.

Download liv.rent’s 2026 Canada rental market trends report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its policy interest rate at 2.25%, the sixth consecutive hold. The next scheduled announcement is September 2, 2026.

Let’s look now at the current rental costs and overarching trends in Toronto for August 2026.

Ontario rent trends

Planning on raising rent this year? Ontario’s annual rent increase guideline for 2026 is capped at 2.1%. Find out when and how to increase rent, and how to comply with provincial rules, by reading our updated guide to Ontario rent increases.

Viewed across the year so far, the City of Toronto’s unfurnished one-bedroom asking rent has held in a narrow band while remaining well below the same months in 2025. The gap against last year has stayed wide through the spring and summer.

Month-to-month rent change

To better understand how rent prices have shifted across selected Ontario areas, here are the most significant month-over-month movements for furnished and unfurnished one-bedroom units.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Markham, Ottawa, and Brampton recorded the strongest increases, while North York, Downtown Toronto, and Scarborough posted the most notable decreases.

Furnished Toronto rent trends

Furnished one-bedroom rents increased most in Ottawa, Scarborough, and Brampton, while Mississauga recorded the sharpest decline, followed by Markham and North York.

Toronto furnished vs. unfurnished averages

Average prices for furnished and unfurnished one-bedroom units in the City of Toronto moved in opposite directions this month. Furnished one-bedrooms rose 0.65% to $1,930 per month, while unfurnished units decreased 0.68% to $1,947. A furnished one-bedroom now rents for $17 less per month than an unfurnished one on average, a reversal from the usual furnished premium.

Rent per square foot

Where is the most affordable place to rent among the selected Ontario areas based on the space you get? As of August 2026, the average asking rent per square foot rose 3.28% from July to $2.28. The least expensive areas for square footage are Brampton, Vaughan-Richmond Hill, and Markham. The most expensive are Etobicoke, Downtown Toronto, and Mississauga.

Active listing data

We also examine detailed statistics for currently active listings on the market to see which property types and bedroom counts are most represented. For renters, these numbers show the types of units you are most likely to encounter across the GTA. For landlords, they indicate how much competition you face based on current supply.

Active listings by property type

As of August 2026, apartments were the most common rental property type on the market at 95.65% of active listings. Partial houses were the second most represented unit type this month at 1.92%, followed by houses at 1.31% and townhouses at 1.12%.

Active listings by number of bedrooms

Looking at bedroom counts, one-bedroom units were the most common listing this month at 49.29%, with two-bedroom units close behind at 42.21%. Three-bedroom units made up the remaining 8.50%.

City breakdown

Rental averages vary widely across Ontario, so we compare one-bedroom, two-bedroom, and three-bedroom rates for furnished and unfurnished units across 20 tracked areas. Among the 20 Ontario areas we track, Oakville is the most expensive this month, with an unfurnished one-bedroom asking $2,172 per month, while London is the most affordable at $1,547 per month, a difference of $625.

Let’s take a closer look at how rents shifted this month by listing type across the GTA:

• Unfurnished one-bedroom rents were mixed across GTA areas this month. Downtown Toronto, North York, Scarborough, Oshawa, Milton, and Burlington declined, while the other tracked GTA areas increased.
• Furnished one-bedroom rents were mixed across GTA areas. York, East York, Scarborough, Oshawa, Brampton, Milton, Burlington, and Oakville increased, while six other tracked areas declined.
• Vaughan-Richmond Hill and East York were the only tracked GTA areas where every unfurnished unit type with available data increased this month.

Rental averages for other Ontario cities

Across other Ontario areas outside the City of Toronto, rents were mixed this month. London continues to offer the most affordable unfurnished one-bedroom average in our dataset at $1,547, while Burlington and Oakville remain among the priciest municipalities we track outside the downtown core, at $2,117 and $2,172 respectively. Kitchener held closer to the middle of the pack at $1,635, and Ottawa’s unfurnished one-bedroom average was $1,849 this month. For the full municipality-by-municipality breakdown, download our full report here.

Most expensive cities in Canada

This August, four of the country’s five most expensive cities are in Metro Vancouver, with our own Burlington the only non-B.C. city to make the list. West Vancouver claims the top spot as the most expensive city in Canada to rent in, followed by North Vancouver and Vancouver, with Burlington and Burnaby rounding out the top five.

Downloadable resources

Renting in Ontario

These comprehensive guides cover renting in Ontario and using liv.rent to streamline your rental process.

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Eviction in Ontario

Data collection methodology

Rethink the way you rent

Not on liv.rent yet? Experience the ease of digital applications and contracts, verified tenants and landlords, virtual tours, and more, all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s rent reports below:

Vancouver rent report
Ontario rent report
Montreal rent report
Calgary and Edmonton rent report

The post August 2026 Ontario Rent Report appeared first on liv.rent blog.

• Most Montreal neighbourhoods saw year-over-year declines in unfurnished one-bedroom rents
  • Seven of Montreal’s ten neighbourhoods recorded lower year-over-year unfurnished one-bedroom rents. Villeray-Parc-Extension experienced the largest decline at 14.7%, falling from $1,541 in July 2025 to $1,314 in July 2026, while Westmount followed with a 13.0% decrease from $1,878 to $1,634.
• Le Plateau-Mont-Royal records Montreal’s strongest start-of-year growth in unfurnished one-bedroom rents
  • Le Plateau-Mont-Royal posted the largest start-of-year increase in unfurnished one-bedroom rents among the Montreal neighbourhoods tracked, rising 4.8% from $1,557 in January to $1,632 in July. That represents a $75 increase, ahead of Saint-Laurent and Verdun, which increased by $53 and $50, respectively, over the same period.
• Downtown Montreal’s rental premium continues to narrow
  • Downtown remained Montreal’s most expensive market for unfurnished one-bedroom rentals despite rents declining 4.2% since January ($1,860 → $1,782) and 6.8% year over year ($1,913 → $1,782). Over the same period, the price gap between Downtown and Verdun narrowed from $188 in January ($1,860 vs. $1,672) to $60 in July ($1,782 vs. $1,722), highlighting Verdun’s growing competitiveness.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

Average rent across Montreal

This month, the average rent price for an unfurnished one-bedroom unit decreased by $13, bringing Montreal’s citywide average rent to $1,586/month. This remains well below rates in other major Canadian rental markets like Metro Vancouver and Toronto. Looking at a year-over-year comparison, Montreal’s citywide rental rate for an unfurnished one-bedroom unit is $105 lower than it was in July 2025.

Month-to-month rent change

Looking at both furnished and unfurnished units, there were some notable changes in rental rates across Montreal neighbourhoods this month. Looking first at unfurnished one-bedroom units, notable decreases were seen in Villeray-Parc-Extension and Saint Henri. On the other hand, Ahuntsic-Cartierville saw the largest increase. For furnished one-bedroom units, Hochelaga-Maisonneuve and Villeray-Parc-Extension saw the largest increases, while Notre-Dame-de-Grâce/Côte-des-Neiges and Saint Henri saw the largest decreases this month.

Montreal unfurnished vs furnished rent averages

This July, average monthly rent prices for both furnished and unfurnished one-bedroom units decreased. Unfurnished one-bedroom units decreased by 0.8% to $1,586/month, while furnished one-bedroom units decreased by 0.7% to $1,623/month.

Looking for our full July 2026 Montreal Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

Neighbourhood breakdown

This July, average monthly rent prices for both furnished and unfurnished one-bedroom units decreased. Unfurnished one-bedroom units decreased by 0.8% to $1,586/month, while furnished one-bedroom units decreased by 0.7% to $1,623/month.

Let’s look even closer at the different listing types to see the differences in one-, two-, and three-bedroom rental rates across each area.

• Ahuntsic-Cartierville and Saint-Laurent were the only neighbourhoods that saw an increase in price across all types of unfurnished units
• Downtown and Le Plateau-Mont-Royal were the only neighbourhoods that saw a decrease in price across all unfurnished unit types.
• Hochelaga-Maisonneuve, Le Plateau-Mont-Royal, and Villeray-Parc-Extension were the only neighbourhoods where furnished one-bedroom rents increased.

Be sure to subscribe to our mailing list so you never miss an update on the Montreal rental market.

Downloadable Resources

Data collection methodology

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Montreal Rent Report appeared first on liv.rent blog.

• Winnipeg’s rental market strengthened across nearly every neighbourhood
  • Five of Winnipeg’s six neighbourhoods recorded year-over-year increases in unfurnished one-bedroom rents. Winnipeg Downtown led the gains with a 5.0% increase ($1,293 → $1,357), while St. Boniface was the only neighbourhood to record a decline, falling 1.8% ($1,306 → $1,283).
    
• East Winnipeg recorded the strongest rental growth since the start of the year
  • East Winnipeg posted the largest start-of-year increase in unfurnished one-bedroom rents, rising 8.4% from $1,269 in January to $1,376 in July, making it Winnipeg’s fastest-growing rental market in 2026.
    
• South Winnipeg remained the city’s most expensive rental market in July
  • South Winnipeg had the highest average unfurnished one-bedroom rent in July at $1,403/month, ahead of East Winnipeg at $1,376/month and West Winnipeg at $1,362/month. It also increased 1.2% month-to-month from $1,387 and 1.1% year-over-year from $1,388.

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

Average rent across Winnipeg

This month, the average rent for an unfurnished one-bedroom unit was $1,353/month, keeping it well below prices in other major Canadian rental markets like Metro Vancouver and Toronto. Compared with last month, Winnipeg’s average rent for an unfurnished one-bedroom unit increased by $15 to $1,353/month.

Month-to-month rent change

To better understand how rent prices have changed in Winnipeg, let’s look at the most significant changes for unfurnished one-bedroom units this month.

North End saw the only decrease this month, while East Winnipeg and St. Boniface recorded the largest increases.

Winnipeg unfurnished vs. furnished rent averages

This July, average monthly rent prices for unfurnished one-bedroom units increased by 1.1% to $1,353/month.

Looking for our full July 2026 Winnipeg Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

Neighbourhood breakdown

Winnipeg’s most and least expensive neighbourhoods had slightly different average rent prices this July. This month, St. Boniface is the cheapest neighbourhood to rent in at an average of $1,283/month for an unfurnished one-bedroom unit. Meanwhile, Meanwhile, South Winnipeg is the most expensive neighbourhood, at an average of $1,403/month. That is $120 more than in St. Boniface.

Let’s look even closer at the different listing types to see the differences in one-, two-, and three-bedroom rental rates across each area.

• All unfurnished one-bedroom rent prices increased across Winnipeg neighbourhoods except North End.
• All types of unfurnished rental units increased in South Winnipeg.
• Unfurnished two-bedroom rent prices increased across all neighbourhoods except East Winnipeg.

Be sure to subscribe to our mailing list so you never miss an update on the Winnipeg rental market.

Downloadable Resources

Data collection methodology

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Winnipeg Rent Report appeared first on liv.rent blog.

• Every Calgary quadrant and Edmonton sector recorded lower year-over-year unfurnished one-bedroom rents
  • All 11 neighbourhoods across Calgary and Edmonton saw year-over-year declines in unfurnished one-bedroom rents, ranging from 1.7% in Calgary Southwest ($1,554 to $1,527) to 7.5% in Edmonton Northeast ($1,291 to $1,194), highlighting broad rental market softening across Alberta’s two largest cities.
    
• Downtown Edmonton continued to soften across every comparison period
  • Downtown Edmonton’s unfurnished one-bedroom rents declined 5.7% month-to- month (from $1,290 to $1,217), 3.9% since January (from $1,267 to $1,217), and 5.7% year-over-year (from $1,290 to $1,217), making it the strongest example of sustained rental market weakness in Alberta.
    
• Calgary Southwest remained Alberta’s most resilient premium rental market
  • Calgary Southwest’s unfurnished one-bedroom rents increased 2% month-to-month (from $1,498 to $1,527) and 2.4% since January (from $1,492 to $1,527), while recording only a 1.7% year-over-year decline (from $1,554 to $1,527)—the smallest annual decline among Calgary quadrants.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its target overnight rate at 2.25%, marking the sixth consecutive announcement with no change. Many economists expect the Bank to remain cautious through 2026 as inflation and economic uncertainty persist.

Let’s take a look now at the current rental costs and overarching trends in Calgary and Edmonton for July 2026. Don’t forget, you can download the entire report as a one-page infographic PDF below.

Average rent across Calgary

This July, Calgary’s city-wide average monthly rent price for an unfurnished one-bedroom unit increased by $2, bringing the rate for an unfurnished one-bedroom unit to $1,469/month.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all of Calgary’s quadrants between June and July 2026.

For furnished one-bedroom units, Southeast saw the largest decrease, while Northeast saw the largest increase. For unfurnished one-bedroom units, Northeast and Northwest saw decreases, while Southwest saw the largest increase.

Average unfurnished vs furnished rates

Unfurnished vs furnished rates in Calgary

Average rates for furnished and unfurnished one-bedroom units in Calgary increased this month. The average monthly rent for an unfurnished one-bedroom unit increased by 0.13% to $1,469/month. Prices for furnished one-bedroom units increased by 0.89% to $1,624/month..

At present, furnished units cost an average of $155 more per month to rent than unfurnished units. This means that landlords may be able to earn higher monthly rent by offering furnished units.

Average rent across Edmonton

This month, Edmonton’s average monthly rent for an unfurnished one-bedroom unit decreased by $17 to $1,236/month. That is $68 lower than July 2025, when the average was $1,304/month.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across all of Edmonton’s different sectors between June and July 2026.

This July, furnished one-bedroom rents increased the most in Northeast Edmonton, while Southwest Edmonton recorded the largest decrease. For unfurnished one-bedroom units, Northwest and Northeast Edmonton increased, while Downtown Edmonton saw the largest decrease.

Unfurnished vs furnished rates in Edmonton

In Edmonton, average monthly rent prices for furnished one-bedroom units increased 2.36% to $1,398/month, while prices for unfurnished one-bedroom units decreased 1.42% to $1,236/month. As of July 2026, furnished units in Edmonton rent for an average of $162 more than unfurnished units. This indicates that landlords may be able to earn higher monthly rent by offering furnished units, depending on furnishing costs and demand.

Looking for our full July 2026 Calgary & Edmonton Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

Quadrant/Sector breakdown 

To better understand each of these cities’ average rental prices, let’s break down both Calgary and Edmonton into their constituent quadrants/sectors. We’ll examine prices and trends for one-, two-, and three-bedroom units in each city for a more in-depth analysis.

Quadrant breakdown: Calgary

• Prices decreased for unfurnished one-bedroom units in Northeast and Northwest.
• Prices decreased for all unfurnished three-bedroom units throughout Calgary.
• All furnished one-bedroom units increased in rental cost except Southeast Calgary.

Sector breakdown: Edmonton

• Rents increased for unfurnished one-bedroom units in Northeast and Northwest Edmonton.
• Unfurnished rents decreased in all two-bedroom unit types except in West Edmonton.
• All furnished unit types saw a decrease in rent in Southwest Edmonton.

Downloadable resources

Rental resources for Alberta renters

You can read these comprehensive guides for more information on renting in Alberta and using liv.rent to streamline your rental process.

• FAQ: Landlord & tenant responsibilities in Alberta
• FAQ: Everything you need to know about rent deposits in Alberta
• The Complete User Guide To liv.rent For Landlords & Property Managers
• The Ultimate Renter’s Guide To Using liv.rent

Data collection methodology

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Calgary & Edmonton Rent Report appeared first on liv.rent blog.

• Most GTA municipalities recorded lower year-over-year unfurnished one-bedroom rents
  • Most municipalities in the GTA recorded lower unfurnished one-bedroom rents compared with July 2025, with declines ranging from 0.6% in Burlington to 15.8% in Markham. Milton was the exception, increasing slightly by 0.3%.
    
• York Region records the GTA’s steepest year-over-year rent declines
  • Markham and Vaughan-Richmond Hill posted the largest year-over-year declines in unfurnished one-bedroom rents, falling by 15.8% and 14.8%, respectively.
    
• Downtown Toronto remains one of the GTA’s most expensive rental markets despite only a modest year-over-year decline
  • While most GTA municipalities recorded lower year-over-year rents, Downtown Toronto saw one of the smallest declines (declining by 1.0%, from $2,127 to $2,106.) and remained one of the region’s highest-priced markets for unfurnished one-bedroom rentals.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of June 10th, 2026, the Bank of Canada maintains the interest rate at 2.25%, marking the sixth consecutive announcement with no change. Many economists expect the Bank to remain cautious through 2026 as inflation and economic uncertainty persist.

As of July 2026, the City of Toronto’s average monthly rent for an unfurnished one-bedroom dropped YoY by $87, reaching a new average of $1,961/month.

Ontario rent trends

Compared to last month, the average rent price for an unfurnished one-bedroom unit in Toronto decreased by $9 this July to $1,961/month. On the other hand, the average rent for a furnished one-bedroom decreased by $11 since last month, bringing the rate to $1,918/month.

Planning on raising rent this year? Ontario’s annual allowable rent increase guideline for 2026 is 2.1%. Find out when and how you can increase rent and ensure you’re complying with provincial guidelines by reading our updated Guide to Ontario Rent Increases.

Month-to-month rent change

This chart breaks down the percentage change in rent prices across major Ontario cities and municipalities. between June and July 2026.

Unfurnished Toronto rent trends

For unfurnished one-bedroom units, Brampton and Scarborough saw the largest decreases, while Downtown Toronto and North York were the only areas shown that recorded increases.

Furnished Toronto rent trends

Furnished one-bedroom rents saw mixed movement this month. North York and Brampton recorded the strongest increases, while Vaughan-Richmond Hill and Downtown Toronto recorded decreases.

Toronto furnished vs. unfurnished averages

This month, prices for both furnished and unfurnished one-bedroom units decreased, falling by 0.58% to $1,918/month and by 0.48% to $1,961/month, respectively. The average furnished one-bedroom unit rents for $43 less than an unfurnished one-bedroom unit.

Rent per square foot

Our monthly Rent Reports also look more closely at the average rent per square foot in major Ontario cities and municipalities. This July, Downtown ($2.81/sq. ft.) had the highest rent per square foot. At the other end of the spectrum, Brampton had the lowest rent per square foot ($1.31/sq. ft.).

Active listing data

We’ll also look at detailed statistics for currently active listings available to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Greater Toronto Area, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of July 2026, the most common rental property type was apartments, representing the vast majority of active listings in the GTA at 94.96%. Partial houses were the second most common unit type this month, representing a distant 3.17% of active listings, followed by houses at 1.72% and townhouses at 0.16%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a varied spread across active listings on the market this July. One-bedroom units were the most common type of listing in the GTA this month at 50.33%, while two-bedroom units represented 41.42% of the region’s active listings. Three-bedroom units made up the remaining 8.25%.

City breakdown

This July, Oshawa is the cheapest municipality among the GTA areas included in this section, while Oakville is the most expensive place to rent this month.

The average rent price for an unfurnished one-bedroom unit in Oakville currently stands at $2,132/month, while in Oshawa the same type of unit rents for an average of $1,652/month. That is a difference of $480 between the two.

With Ontario’s different communities being so diverse, we’re breaking down selected Ontario areas into its different cities and municipalities to see the price difference within listing types: one-bedroom, two-bedroom, and three-bedroom units, both unfurnished and furnished.

• All prices for unfurnished one-bedrooms decreased except in Downtown and North York.
• All prices for furnished one-bedroom rents increased everywhere except Vaughan-Richmond Hill and Downtown month-to-month.
• Downtown was the only area that saw an increase in price for all types of unfurnished units.

Rental averages for other Ontario cities

We’ve also looked at data from cities and municipalities in other regions within and surrounding the GTA. Looking at these additional cities, London is the least expensive to rent in July for one-bedroom unfurnished units at $1,487/month. Oakville is the most expensive for unfurnished one-bedroom units at $2,132/month.

For complete data on these cities as well as other municipalities outside of the Greater Toronto Area, download our full report here to view the complete report.

Most expensive cities in Canada

This July, the top 4 of the country’s most expensive cities are located in Metro Vancouver as West Vancouver claims the top spot as the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Richmond with Burlington, Ontario rounding out the top 5.

Downloadable resources

Our complete July 2026 Rent Report has information on even more key areas, broken down into region and unit type for a complete overview of rental averages in Ontario. To view these and all the other new information we’ve added, be sure to download your copy of the Rent Report below.

Renting in Ontario

For more information on renting in Ontario, refer to these comprehensive resource posts:

• What’s A Standard Rental Application?
• What do you need when applying for a rental?
• What Can A Landlord Ask For On A Rental Application In Ontario?
• How Do I Fill Out A Rental Application?
• Ontario Standard Lease Explained
• Frequently Asked Questions: Everything You Need to Know About Eviction in Ontario

Data collection methodology

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Ontario Rent Report appeared first on liv.rent blog.

• Unfurnished one-bedroom rents declined across every Metro Vancouver city year-over-year
  • All nine cities recorded lower unfurnished one-bedroom rents compared with July 2025, with declines ranging from 2.3% in Coquitlam to 10.1% in New Westminster. Across the nine municipalities, rents decreased by an average of approximately 6.5%.
    
• Burnaby shows the most consistent signs of rental-market softness
  • Burnaby rents declined across all six rental categories between January and July. Its largest start-of-year decrease was for furnished three-bedroom homes, which fell 12.4% from $3,476 to $3,046. Compared with July 2025, furnished three-bedroom rents were down approximately 20.2% from $3,815 to $3,046, the largest individual decline in the dataset.
    
• Surrey’s furnished rental market is outperforming its unfurnished market
  • Since January, Surrey’s furnished one-bedroom rents increased 9.4% from $1,772 to $1,939, while furnished two-bedroom rents rose 9.6% from $2,106 to $2,309. By comparison, unfurnished one-bedroom rents increased only 1.2%, while unfurnished two-bedroom rents decreased 2.5%.
    

Download liv.rent’s 2026 Canada Rental Market Trends Report for in-depth insights and forecasts on average rent prices, regional market comparisons, key economic drivers, and emerging AI trends shaping Canada’s rental landscape.

As of July 15, 2026, the Bank of Canada held its target overnight rate at 2.25%, marking the sixth consecutive announcement with no change. Many economists expect the Bank to remain cautious through 2026 as inflation and economic uncertainty persist. B.C.’s 2026 rent increase limit is capped at 2.3%.

Let’s look now at the current rental costs and overarching trends in Vancouver for July 2026.

Average rent across Metro Vancouver

This month, the average rent price for an unfurnished one-bedroom unit decreased slightly to a new average of $2,089/month. Since July 2025, Metro Vancouver’s average rate for an unfurnished one-bedroom unit has decreased by $143.

Planning on raising rent this year? B.C.’s new annual allowable rent increase limit for 2026 is 2.3%. Find out when and how to increase rent and ensure you comply with provincial guidelines by reading our updated Guide to B.C. Rent Increases.

Month-to-month rent change

To better understand how rent prices have changed in Metro Vancouver cities, let’s look at the most significant changes for both furnished and unfurnished one-bedroom units this month.

To better understand how rent prices have changed across Metro Vancouver cities, let’s look at the most significant month-to-month changes for furnished and unfurnished one-bedroom units. For furnished one-bedroom units, New Westminster (7.41%), Surrey (4.06%), and Coquitlam (2.56%) saw the most notable increases this month. Meanwhile, Burnaby (-4.95%), West Vancouver (-4.94%), and Vancouver (-3.75%) recorded the most notable decreases. For unfurnished one-bedroom units, Langley (2.41%) and Surrey (1.78%) saw the most notable increases, while North Vancouver (-2.69%) and New Westminster (-1.18%) recorded the most notable decreases.

Rent per square foot

Where’s the cheapest place to rent in Metro Vancouver based on how much space you get? As of July 2026, the average rent per square foot decreased to $3.15/sq. ft. The least expensive cities for square footage are Richmond ($2.32/sq.ft.), Coquitlam ($2.81/sq.ft.), and Langley($2.98/sq.ft.) Meanwhile, the most expensive cities for square footage are North Vancouver ($3.80/sq. ft.), Vancouver ($3.71/sq. ft.), and Burnaby ($3.50/sq. ft.).

Active listing data

We’ll also examine detailed statistics for currently active listings available on the market to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you’re most likely to encounter in the Metro Vancouver region, while for landlords, you can assess how much competition you’ll face based on the current supply.

Active listings by property type

As of July 2026, apartments were the most common rental property type, representing 70.99% of active listings on the market. Partial houses were the second-most common listing type this month, at 15.38% of active listings currently available to rent, followed by houses at 9.63%.

Active listings by number of bedrooms

In terms of the number of bedrooms, we saw a spread across active listings on the market this July. One-bedroom units were the most common type of listing this month at 46.83%, though two-bedroom units held a very near share, representing 42.81% of all active listings on the market. Three-bedrooms rounded out at 10.36% of listings.

Average unfurnished vs. furnished rates

Average prices for both a furnished and unfurnished one-bedroom unit decreased in Metro Vancouver this month. Furnished one-bedrooms decreased (-0.72%) to $2,174/month, while unfurnished units decreased (0.08%) to $2,089/month. Currently, a furnished one-bedroom unit rents for more than an unfurnished one-bedroom unit by $85/month on average.

Looking for our full July 2026 Metro Vancouver Rent Report? Download your copy here to get all the latest insights, including a detailed breakdown by neighbourhood.

City breakdown 

Metro Vancouver’s rental averages vary greatly across the region, so we’ve broken up our data by municipality/city to compare the cost of one-, two-, and three-bedroom rates for furnished and unfurnished units in different areas. Here are some highlights from our most recent findings:

• Coquitlam and Richmond were the strongest performers for unfurnished rentals this month, with one-, two-, and three-bedroom rents all increasing month over month.
• North Vancouver showed the clearest signs of softness among unfurnished rentals, with rents decreasing across all three bedroom types.
• Surrey stood out in the furnished market, as all furnished unit types increased in price this month.

Neighbourhood breakdown

We’ve broken down Vancouver into its neighbourhoods for a more complete look at the city’s rental markets. For a further breakdown of neighbourhoods in municipalities and cities outside of Vancouver, be sure to download our complete Rent Report.

Let’s take a look now at some of the latest averages from Vancouver’s many unique neighbourhoods. West Point Grey/UBC is the city’s most expensive neighbourhood for unfurnished one-bedroom rentals this month, with an unfurnished one-bedroom unit renting for $2,809/month, while Sunset-Victoria Fraserview is the cheapest at $1,860/month.

We’ve added more new neighbourhoods to our monthly reports that aren’t shown in the data below. To see data on these additional neighbourhoods, statistics for furnished rentals, and neighbourhood breakdowns for other cities in Metro Vancouver, be sure to download your copy of our full report here.

Most expensive cities in Canada

This July, the top 4 of the country’s most expensive cities are located in Metro Vancouver as West Vancouver claims the top spot as the most expensive city in the country to rent in, followed by North Vancouver, Vancouver, and Richmond with Burlington, Ontario rounding out the top 5.

Other rental data

These insights are exclusive to our blog and are intended to give more context to each month’s rental data. Based on data sourced directly from liv.rent, these statistics provide a more comprehensive overview of the current rental situation in Canada.

Renter demographics

On liv.rent, renter demographics are spread across several age groups, with the largest share of renters aged 35-44 at 38%, followed by those aged 25-34 at 27%. Renters under 25 also make up a notable share of the platform’s audience at 13%.

Pet-friendly rentals

We’re proud to say that liv.rent continues to be the rental platform with the most pet-friendly rentals. This July, other rental platforms had just 22% of units available that were pet-friendly, while on liv.rent, 54% of all listed units were pet-friendly.

Downloadable resources

Rental resources for B.C. renters

You can read these comprehensive guides for more information on renting in B.C. and using liv.rent to streamline your rental process.

• BC Residential Tenancy Agreement Explained
• Guide to BC Tenancy Forms
• The Complete User Guide To liv.rent For Landlords & Property Managers
• The Ultimate Renter’s Guide To Using liv.rent

Data collection methodology

Rethink The Way You Rent

Not on liv.rent yet? Experience the ease of digital applications & contracts, verified tenants & landlords, virtual tours and more – all on one platform. Sign up for free or download the app.

Subscribe to receive monthly updates on Canada’s major rental markets. Discover last month’s Rent Reports below:

Vancouver Rent Report
Ontario Rent Report
Montreal Rent Report
Calgary and Edmonton Rent Report

The post July 2026 Metro Vancouver Rent Report appeared first on liv.rent blog.