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September 09, 2026APARTMENT RENTS, Q2 2026 In Halifax, the average asking rent for a studio apartment was $1,560 in Q2 2026. The highest asking rents for studio apartments were in Vancouver while the lowest rents for studios among reporting CMAs were in Sherbrooke.
The average asking rent for a 1-bedroom apartment in Halifax was $1,880 in Q2 2026. Among CMAs, the average asking rents for 1-bedroom apartments were highest in Vancouver, Toronto, and Victoria. Trois-Rivières and Sherbrooke reported the lowest asking rents for 1-bedroom apartments in Q2.
In Halifax, the average asking rent for a 2-bedroom apartment was $2,400 in Q2 2026. As with 1-bedroom apartments, asking rents for 2-bedroom apartments were highest in Vancouver, Toronto, and Victoria (followed by Halifax, Ottawa, and Kelowna). The lowest asking rents for 2-bedroom units in Q2 2026 were in Drummondville and Sherbrooke.
The average asking rent for 3 or more bedroom units in Halifax was $2,940 in Q2 2026. The highest rents for these units were in Vancouver, Victoria and Toronto (followed by Halifax and Ottawa) while the lowest rents were in Sherbrooke, Saint John, and Red Deer.
Compared with Q2 2025, Halifax average asking rents were up for all apartment sizes.
Halifax studio apartment rents were up 2.6% from Q2 2025 to Q2 2026. Winnipeg and London reported the largest percentage increases in asking rents for studio apartments while Québec City and Windsor reported the steepest declines.
Asking rents were up 4.4% for 1-bedroom apartments in Halifax compared with Q2 2025. Kamloops and Fredericton reported the fastest growth in asking rents for 1-bedroom apartments while Calgary and Chilliwack reported the steepest declines.
The asking rent for a 2-bedroom apartment in Halifax was up 5.3% year-over-year. Thunder Bay and Sherbrook (followed by Halifax) reported the sharpest percentage increases in asking rent for a 2-bedroom apartment while Abbotsford - Mission and Calgary reported the steepest declines.
The asking rent for apartments with 3 or more bedrooms was up 8.1% in Halifax from Q2 2025 to Q2 2026. Saint John's (followed by Halifax) reported the steepest percentage increase in asking rent for larger apartments while Guelph experienced the fastest decline.
Trends
Halifax apartment rents peaked in 2024 with declines for all categories coming at the end of the year. Rents began to rise again in 2026, with studios, one-bedroom, and three-bedroom apartments matching or exceeding their 2024 peak in Q2 2026. The average asking price for two-bedroom apartments in Q2 2026 remains slightly below its 2024 peak.
Compared with the average asking rent from 2019, Halifax studio apartment rents were up 72.9% in Q2 2026, the highest among CMAs who reported an average asking rents value. Growth in asking rents for studio apartments was slowest among reporting CMAs in Toronto.
The average asking rent for a 1-bedroom apartment in Halifax increased by 69.4% from 2019 to Q2 2026. Over this period, asking rents for 1-bedroom apartments grew fastest in Trois-Rivières and Sherbrooke. The slowest rent increases were in Toronto.
The average asking rent for a 2-bedroom apartment increased by 75.8% in Halifax from 2019 to Q2 2026. Asking rents for 2-bedroom apartments were up the most in Sherbrooke and Drummondville over this period while Toronto reported the slowest growth.
Larger apartments (3+ bedrooms) in Halifax reported a 79.0% increase in asking rents from 2019 to Q2 2026. The fastest growth in asking rents for larger apartments was in Sherbrooke (followed by Halifax) while the slowest increases were in Toronto and Vancouver.
Notes: Statistics Canada and the Canada Mortgage and Housing Corporation have launched a new data series on quarterly apartment rents. Information on the monthly asking price of available apartments units is collected from major rental platforms. Average asking rents are reported for Canada's Census Metropolitan Areas (though not all CMAs have data for each apartment type). Asking rents are not adjusted for included services, amenities, quality or location of units. Differences in average rents from one period to another may therefore reflect differences in apartment qualities. Average rents are available for studio apartments (ie: apartments with no bedroom), 1-bedroom apartments, 2-bedroom apartments and 3+ bedroom apartments as well as rooms to rent. Collective dwellings, vacation homes, mobile homes and subsidized units are not included in estimates of average rents. This data is new and still considered to be 'experimental estimates'.
Source: Statistics Canada. Table 46-10-0092-01 Asking rent prices, by rental unit type and number of bedrooms, experimental estimates
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