@GROK: Rent Predictions for July 2025
Vancouver, BC
Average rent for a one-bedroom apartment is expected to stabilize at $2,500-$2,550, slightly below May 2025’s $2,544, due to continued high rental supply and affordability pressures. Two-bedroom rents may hold steady at $3,300-$3,350, reflecting the -7.4% year-over-year decline. Vacancy rates are projected to rise to 2.4%-2.6%, giving renters more choice.
Rest of Canada
National average asking rents are projected to rise slightly to $2,150-$2,200, up from May 2025’s $2,129, driven by growth in affordable markets like Saskatchewan (e.g., Saskatoon: ~$1,450, +5.4% Y/Y for two-bedrooms) and Alberta (e.g., Edmonton: ~$1,350, -2% Y/Y for one-bedrooms). Larger cities like Toronto (~$2,300, -7.1% Y/Y) and Montreal (~$1,750, -2% Y/Y) are expected to see slight declines due to increased supply.
Impact of Rising Unemployment
If Canada’s unemployment rate rises to 7.1% by July 2025, combined with reduced immigration (104,256 in Q1 2025, a four-year low), rental demand is expected to weaken further, particularly in high-cost cities. Vancouver could see one-bedroom rents dip to $2,400-$2,450 (-5.9% Y/Y in May to $2,830), and Toronto may fall to $2,200-$2,250 (-6.8% Y/Y to $2,594), driven by 18 and 16 months of consecutive declines, respectively. Calgary (-7.9% Y/Y to $1,928) and Montreal (-3.3% Y/Y to $1,970) may see rents decline further to $1,850-$1,900 and $1,900-$1,950. Affordable markets like Edmonton (~$1,350, +0.7% Y/Y) and Saskatoon (~$1,450) are likely to remain stable due to migration-driven demand and limited new supply. Higher vacancy rates (~2.7%-3% nationally) and U.S. tariff risks could deepen rent declines if job losses escalate.
Immigration’s Impact on Rents
With 104,256 permanent immigrants admitted in Q1 2025, a four-year low but above pre-pandemic levels, slower population growth is reducing rental demand, particularly in urban centers. This contributes to deeper rent declines in high-cost cities like Vancouver (-5.9% Y/Y to $2,830, projected to $2,350-$2,400 for one-bedrooms) and Toronto (-6.8% Y/Y to $2,594, projected to $2,150-$2,200), where immigrants typically drive rental demand. Montreal (-3.3% Y/Y to $1,970) may see rents fall to $1,850-$1,900. In contrast, affordable markets like Edmonton (+0.7% Y/Y to $1,561, projected to ~$1,350-$1,400) and Saskatoon (+5.4% Y/Y for two-bedrooms, projected to ~$1,450-$1,500) are expected to remain stable or see modest increases due to sustained migration and limited rental construction. Higher vacancy rates (~2.7%-3% nationally) amplify downward pressure in urban markets.
Sources: Rentals.ca May 2025 Rent Report, CMHC Housing Market Outlook 2025, TD Economics, Statistics Canada Labour Force Survey, May 2025
🔮 @ChatGPT Prediction – July 2025 Rent Outlook
📍 Impact in Vancouver
Average 1‑bedroom rents are expected to decline slightly to $2,500–$2,550, from May’s $2,544. Increased supply and affordability concerns will likely moderate pricing. 2‑bedrooms may remain stable at $3,300–$3,350.
🇨🇦 Rest of Canada
National average asking rents projected to rise modestly to $2,150–$2,200 as demand grows in affordable provinces like Saskatchewan and Alberta. Toronto and Montreal may see continued softness due to higher vacancy rates.
📉 Impact of Rising Unemployment
If unemployment reaches 7.1% nationally, rent pressures in high-cost cities could intensify. Vancouver may fall to $2,400–$2,450 for 1‑bedrooms. Toronto could reach $2,200–$2,250.
🧬 Impact of Immigration Trends
With Q1 immigration at a 4‑year low (104,256 newcomers), demand in cities like Vancouver and Toronto is slowing. Affordable cities like Edmonton and Saskatoon may remain stable or slightly increase due to regional migration and constrained supply.
Disclaimer: This AI-generated prediction is based on current rental trends, immigration stats, and unemployment data from public sources (e.g., Rentals.ca, CMHC, Statistics Canada). Forecasts may change based on market dynamics. Always verify with official data before making decisions.
Disclaimer: Rent data and future rent predictions are based on reports from third-party sources such as Liv.rent and Rentals.ca, and may include AI-generated insights. While efforts are made to ensure accuracy, rental markets are influenced by rapidly changing factors including supply, demand, and policy shifts. Readers should verify details independently and consider local conditions before making housing decisions.
