Montreal asking rents up nearly 71% in six years, according to Statistics Canada

Darpan News Desk The Canadian Press, 25 Jun, 2025 10:19 AM

A new Statistics Canada report says asking rent in Montreal has risen by nearly 71 per cent since 2019.

Average asking rent for a two-bedroom apartment was $1,930 in the first quarter of 2025, up from $1,130 six years ago.

Asking rents have roughly doubled in some other Quebec cities, including Drummondville and Sherbrooke.

Picture Courtesy: THE CANADIAN PRESS/Ryan Remiorz

Montreal ranked 17th for average asking rent among Canadian cities in 2025, well behind Vancouver at $3,170, and Toronto at $2,690.

But asking rent has increased by just 27 per cent in Vancouver over the last six years, and only five per cent in Toronto.

The report notes that asking rents tend to be higher than rents paid by long-term tenants, and offer a picture of current market trends.

Picture Courtesy:

Prev Next

MORE National ARTICLES

Sabia, veteran of public and private sectors, to head Carney's Privy Council

Prime Minister Mark Carney is tapping Michael Sabia, a veteran of the public and private sector, to head up the Privy Council Office in Ottawa.

Sabia, veteran of public and private sectors, to head Carney's Privy Council

Auditor general finds F-35 costs soar amid project delays, pilot shortages

The estimated cost of Canada’s incoming fleet of advanced stealth fighters exploded by nearly 50 per cent in just a few years, auditor general Karen Hogan said Tuesday in a new report.

Auditor general finds F-35 costs soar amid project delays, pilot shortages

B.C.'s youth unemployment rate second-highest in Canada with 16.6 per cent in May

High school students walking across graduation stages this month will step into an uncertain job market as B.C. has the second-highest youth unemployment rate in Canada.

B.C.'s youth unemployment rate second-highest in Canada with 16.6 per cent in May

Five things to know about Canada's plan to meet the NATO defence spending target

Prime Minister Mark Carney is promising that Canada will quickly boost its defence spending to hit the NATO member target of two per cent of national GDP this year.

Five things to know about Canada's plan to meet the NATO defence spending target

Canada Post rejects union terms for arbitration as both sides enter bitter stalemate

A government push to steer Canada Post and the union representing 55,000 mail workers toward common ground hit a big pothole Monday.

Canada Post rejects union terms for arbitration as both sides enter bitter stalemate

Eby says it's not him blocking Smith's oil pipeline, it's lack of money and proponent

British Columbia Premier David Eby says it's not him standing in the way of Alberta counterpart Danielle Smith's longed-for oil pipeline from Alberta to B.C.'s north coast — it's that there's no proponent, no money and "no project right now."