Rent prices in Canada have increased by 9.7 percent on average year-over-year in February, according to the latest National Rent Report by Rentals.ca and Urbanation. This is the first time since June that rents have not increased by double digits, and it marks a slowing trend in rent inflation since it peaked at 12.4 percent in November. Rents decreased 0.6 percent from January and have declined 2.0 percent over the past three months.

Learn more about the rent prices in Regional, Provincial and medium-sized markets here.