A new mid-year update from Canada Mortgage and Housing Corporation shows average rents for occupied two-bedroom units in Halifax jumped 17.1% year-over-year in Q1 2025—the steepest increase among the country’s seven largest urban centres.

In the first quarter of 2025, rents in Calgary dropped 3.5 per cent for two-bedroom purpose-built rentals, following a 17 per cent increase the year before. Asking rents for two-bedroom condominium rentals dropped 3.6 per cent, compared with last year’s 10.7 per cent increase.