Average asking rents across Canada dropped to $2,139 in November, marking a 15-month low, according to the latest National Rent Report from Rentals.ca and Urbanation. This represents a 1.6% decrease compared to November 2023, continuing the downward trend seen in October when rents fell 1.9% month-over-month. Over the past five months, rents have decreased by 2.8% since July. 

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