Canada's rental market shows signs of relief as immigration decline eases housing pressure

Canada's rental market is experiencing a notable shift as reduced immigration levels begin to ease the pressure on housing demand nationwide. Recent data reveals that major cities, including Toronto, Calgary, Montreal, Edmonton, and Metro Vancouver, have recorded year-over-year rent decreases for one-bedroom units, with Toronto seeing the steepest drop at $176. Ontario experienced the largest decline in immigration in early 2025, receiving over 15,000 fewer newcomers than the previous year. Meanwhile, interprovincial migration patterns are reshaping regional markets, with Alberta gaining nearly 13,000 new residents and Atlantic provinces like Nova Scotia and Prince Edward Island experiencing substantial population growth that continues to support rental demand in those areas.

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