{
  "id": 12668034,
  "title": "Average asking rents fall 4.2% in September, marking 24 months of decreases",
  "url": "https://urgent.news/2026/10/07/average-asking-rents-fall-4-2-in-september-marking-24-months-of",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T16:55:18.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/10/07/average-asking-rents-fall-4-2-in-september-marking-24-months-of-decreases"
  },
  "original_language": "en",
  "account": "In September, the typical asking rent for a rental unit in Canada fell by 4.2%, marking the start of a 24-month period of continuous declines. According to a report from Rentals.ca and Urbanation, this represents the longest downturn in the Canadian rental market's recent history. The average asking price for a rental unit in September was $2,034, a decrease of 4.2% compared to the same time last year. On a monthly basis, rents decreased by $1, from $2,035 in August to $2,034 in September. Shaun Hildebrand, president of Urbanation, attributes the market correction largely to supply. Purpose-built apartment asking rents fell by 2.7% annually to $2,036, while condominium apartment asking rents decreased more sharply by 7.8% to $2,052.",
  "summary": null,
  "key_points": [
    "Average asking rents fell 4.2% in September",
    "Marked 24-month period of continuous declines",
    "Supply attributed to market correction"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}