this post was submitted on 31 Oct 2025
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Nope. Its not the economy. Its supply. There are charts that track available units for each type (apartment, main floor, basement suite, whole house, etc) on the landlord menu of Rentfaster.com. I can look at almost every category and see that the supply is up from what it was a year ago.
eg. Last year on Sept 1 there were **1066 **two bedroom apartments available This year on Sept 1 there were **1468 **two bed room apartments available
Therefore, average rent for those apartments last year was 2335. This year its **2251 **and dropping. Currently the average has now dropped to **2137 **as of last week. Thats down 8.4%
The rental market is pretty simple. When there's more supply prices drop. When there's more demand, prices go up.
You clearly don't understand how demand works. If demand drops, it looks like there's more supply.
If you look at the change in population (it increased) and total units in the province(it increased, but not as much) total units per capita has gone down (a decrease in supply)