Rents easing across most major markets but many tenants not feeling relief: CMHC

Canada’s housing agency says advertised rents in some major cities are easing due to factors such as increased supply and slower immigration, but renters are still not feeling relief.In its mid-year rental market update released Tuesday, Canada Mortgage and Housing Corp. said average asking rents for a two-bedroom purpose-built apartment were down year-over-year in four of seven markets.Vancouver led the way with a 4.9% decrease in the first quarter of 2025, followed by drops of 4.2% in Ha