**Title: Average Asking Rents Drop for 12th Straight Month to $2,123 in September** The landscape of housing affordability across Canada has seen a significant shift as average asking rents dropped by three percent from the previous year. The report compiled data indicating that this decline is part of an ongoing trend with twelve consecutive months showing reductions since January 2023. In particular, new rental supply continues to outpace demand in numerous markets—a situation expected not only due to current market conditions but also as a result of secondary sources like condominiums tightening up and stabilization factors such as population growth and employment reaching equilibrium. Notably impressive are the affordability rates observed among renters across various regions: those residing within Vancouver's most expensive housing sectors reported their lowest rent costs in nearly four years, marking one year since January 2022 when this trend was first noticed. Moreover, Canadian provinces experienced varying degrees of decline with British Columbia and Alberta witnessing significant reductions. Average asking rents fell by five percent to $2,430 for B.C., while it dropped six per cent downwards from the previous year's figures in Edmonton ($1,897) as well as Montreal's average rent costs which were found at its lowest since January 2023. The Canadian Press compiled this report on October 7th of last year and can be further explored via their website. The news outlet prides itself not only for being a trusted source but also due to providing real-time, bilingual multimedia stories through various formats across print, broadcast as well as digital platforms (https://energeticcity.ca/2025/10/07/average-asking-rents-drop-for-12th-straight-month-to-2123-in-september-report/) in adherence with AdSense standards.