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 London average rents for all property types rose 18.3 percent year over year in March to $1,790. 

According to and Bullpen Research & Consulting’s latest National Rent Report, the average rent for all Canadian properties listed on in March was $1,818 per month, increasing 6.6 percent annually, according to the and Bullpen Research & Consulting’s latest National Rent Report.

Bullpen Research & Consulting and expect rents to rise as the country returns to normal. But it remains to be seen how inflation, supply chain issues, the effects of BA.2 and other sub-variants of omicron, and the recent Bank of Canada rate changes will impact the economy and the rental market. 

 London average rents for all property types rose 18.3 percent year over year in March to $1,790. 

London came in 26th on the list for average monthly rent in March for a one-bedroom at $1,332 and 25th for a two-bedroom at $1,687. 

Year over year, the average monthly rent in March for a one-bedroom in London was up 15.8 percent and 4.8 percent for a two-bedroom.

Toronto finished second on the list of 35 cities for average monthly rent in March for a one-bedroom at $2,023 and average monthly rent for a two-bedroom at $2,776.  In March, Toronto’s average rents for all property types rose 14.3 percent year over year to $2,326. 

Ontario remains one of the most expensive provinces for median rent for all property types, with rents up 10.8 percent to $1,995 per month in March. 

Studio units in Ontario are among the most expensive in terms of average rent per square foot at $3.72 in the first quarter of 2022


“On an annual basis, tenants are looking at a rent over $100 more on average in March, compared to a year earlier, when the rental market was close to its lowest point during the pandemic. However, the pace of growth has cooled, with relatively flat rents over the last four months. Higher interest rates and a cooling ownership housing market could push more demand into the rental market this spring.”

— Ben Myers, president of Bullpen Research & Consulting 

The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and municipal level across all listings on for 35 cities across Canada. 

Please look to see if anything in the release or report piques your curiosity or news sense for any housing/renting/real estate stories or adds information for a story already in the works. 

We have provided graphics and charts to help explain and visualize our rental data, and we will send higher resolutions charts if requested.  

If you have any questions or need more information, don’t hesitate to contact me, or I can put you in touch with Ben Myers or Matt Danison.

Note: The above was posted by: Paul Danison at Wednesday, April 20, 2022

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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