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Affordability Challenges Plague Renters Despite Falling Prices: Report

On June 19, 2025, The Canadian Press released findings from a report highlighting ongoing rental affordability issues faced by tenants across Canada.
The report follows a Leger survey of over 1,800 renters in early June, revealing mixed homeownership plans amid ongoing structural housing shortages.
Although rents have eased for eight months, they remain above historical norms, with 54% of renters planning to buy homes and many waiting for price or rate drops.
Phil Soper highlighted that delaying a home purchase rarely benefits buyers, especially as Canadian home prices have increased by about five percent each year—consistently growing faster than wages—while over half of renters seek housing options that are more affordable.
The report implies affordability needs coordinated government and private sector action, with tenant protections and increased housing supply vital to address Canada's complex housing crisis.

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Dagens Nyheter.

Lean Right

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Few households can afford to realize their dream of owning a home – and this is not just true in big cities, according to a report from the Swedish Real Estate Association. “This has consequences for the entire social contract,” says CEO Oskar Öholm.

2 days ago·Stockholm, Sweden

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Victoria Buzz

Lean Left

Report finds only half of British Columbian renters plan to buy a home in the future

And one-quarter are spending over 50% of their income on rent. The post Report finds only half of British Columbian renters plan to buy a home in the future appeared first on Victoria Buzz.

3 days ago

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Global News

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More than half of Canadian renters plan to buy. So what’s stopping them? - National

The majority of those Canadians who currently rent have their eyes set on purchasing a home within the next five years, according to Royal Lepage.

3 days ago·Toronto, Canada

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Le Devoir

Center

One in Three Quebec Tenants Considered the Purchase of a Property

Barriers to access to property continue to be present in a context of rising cost of living.

3 days ago·Montreal, Canada

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WellandTribune.ca

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St Catharines Standard

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Niagara rents see modest increase as vacancy rates remain low

The depressed condo market experienced in Canada's larger markets that helped lower the nation-wide average is not a factor locally.

3 days ago

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castanet.net

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Affordability challenges still plague renters despite falling prices: report

A new report suggests Canadian renters continue to face affordability challenges even as asking rent prices have fallen this year, while those considering the leap to home ownership are taking a wait-and-see approach. Royal LePage's 2025 Canadian renters report, which includes results from a survey ...

3 days ago·Kelowna, Canada

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