Canadian renters are still grappling with affordability issues even though rent prices have decreased this year, while those contemplating the move to home ownership are adopting a wait-and-see approach, a new report suggests.
Fifteen percent of renters in Canada dedicate more than half of their net income to monthly rent costs, according to the 2025 Canadian renters report by Royal LePage.
Thirty-seven percent of the more than 1,800 renters surveyed in early June said they were spending between 31 and 50 percent of their net income on rent, while 37 percent were spending 30 percent or less.
Rental prices have decreased for eight straight months, but still exceed historical norms, the report noted….