In the first quarter of 2025, Vancouver was the census metropolitan area (CMA) with the highest average asking rent for a two-bedroom apartment, at $3,170, followed by Toronto ($2,690), Victoria ($2,680) and Ottawa ($2,490). By comparison, Montréal ranked 17th, with an average asking rent of $1,930. Smaller CMAs in Quebec recorded the lowest average asking rents, including Drummondville ($1,200) and Sherbrooke ($1,250).

Because prospective renters typically face higher rents compared with long-term tenants whose rents reflect past leases and can also be subject to rent control regulations asking rents offer a picture of current market trends.

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