9 hours ago
Despite lower rents, many tenants report spending less on food and taking on credit card debt to make ends meet
Even though rent prices in Toronto and across Canada have declined in recent months, they are still high enough that many renters are spending less on food and accumulating debt to make their monthly payments, a new report says.
According to the Royal LePage 2025 Canadian Renters Report, Canadian rent prices are 5.7 per cent higher than they were two years ago and 12.6 per cent higher than they were three years ago.
