The typical asking worth of lease in Montreal has shot up almost 71 per cent since 2019, based on a lease report launched by Statistics Canada on Wednesday.
Since 2019, asking lease within the nation’s second-largest metropolis has grown from $1,130 to $1,930 within the first quarter of 2025, the information company mentioned in its first-ever quarterly lease statistics report.
Elsewhere in Quebec, the cities of Drummondville and Sherbrooke — which had the bottom common asking rents at first of this 12 months — noticed the most important uptick in common asking rents for two-bedroom flats because the first quarter of 2019.
The report attracts from asking rents for instance the most recent market tendencies, as a result of “potential renters usually face increased rents in contrast with long-term tenants” whose rents mirror previous leases, the report mentioned.
In the remainder of Canada, the typical asking lease for a two-bedroom house was highest in Vancouver, the place the determine stood at $3,170 within the first quarter of 2025. It was adopted by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490).
Montreal ranks seventeenth on that listing, based on Statistics Canada.
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