{"id":275447,"date":"2025-11-06T16:08:12","date_gmt":"2025-11-06T16:08:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/275447\/"},"modified":"2025-11-06T16:08:12","modified_gmt":"2025-11-06T16:08:12","slug":"canadas-most-renter-friendly-cities-the-globe-and-mail","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/275447\/","title":{"rendered":"Canada&#8217;s Most Renter-friendly Cities &#8211; The Globe and Mail"},"content":{"rendered":"<p class=\"c-article-body__text text-pr-5\">As buying a home becomes less and less attainable, renting is no longer a temporary arrangement for many people.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Housing affordability in Canada remains the worst it\u2019s been in decades, despite improving over the past three years, <a href=\"https:\/\/www.nbc.ca\/content\/dam\/bnc\/taux-analyses\/analyse-eco\/logement\/housing-affordability.pdf\" rel=\"nofollow noopener\" target=\"_blank\">according to the National Bank of Canada<\/a>. Rents, on the other hand, have dipped by 1.2 per cent compared with two years ago, marking the first such decline since January, 2022. <\/p>\n<p class=\"c-article-body__text text-pr-5\">For some, rental accommodation is a step before home ownership. For others, it\u2019s about choosing a lasting home in a community. <\/p>\n<p class=\"c-article-body__text text-pr-5\">That\u2019s why we built this tool: to help you find the best cities to rent, whether you\u2019re a young professional, a student, or someone looking for a new start. We also help you find where to rent within those cities based on your income. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Using monthly listing data from Rentals.ca, we ranked 235 cities (each with a population exceeding 20,000) on four attributes: Affordability, Availability, Stability, and Livability. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Affordability highlights housing costs relative to local median incomes. Availability signals how competitive the search for a unit will be, not only among people within the city, but also among people in the neighbouring communities. Stability helps identify markets where prices and availability have remained steady over the past five years. Livability looks at the daily experience of living in a place: how easy it is to get around, run errands, and participate in the community. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Interested in understanding a city beyond its rental market? Explore our complete annual ranking of <a href=\"https:\/\/www.theglobeandmail.com\/investing\/article-most-livable-cities-canada-2024\/\" rel=\"nofollow noopener\" target=\"_blank\">Canada\u2019s Most Livable Cities<\/a>, where we rank the best cities to live in based on 10 categories such as safety, health care, demographics and even the weather. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Since this project emphasizes a city\u2019s affordability rather than its livability, regions where wages are higher relative to rent rise to the top of the list.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Rental affordability varies significantly across the country. According to census data, the territories have some of the lowest rates of housing unaffordability in the country. In Nunavut, just 11.2 per cent of recent renters spend more than 30 per cent of their income on shelter, followed by 23.5 per cent in the Northwest Territories. Both were below the national average of 43.2 per cent<\/p>\n<\/p>\n<p class=\"c-article-body__text text-pr-5\">Click into any city to explore where you can afford to live within it. You can also enter your income, and we\u2019ll tailor the ranking to cities with at least one area that matches your desired budget and housing type, ranging from studio and bachelor units to one-, two-, and three-bedroom homes, and provide recommendations at the postal code level.<\/p>\n","protected":false},"excerpt":{"rendered":"As buying a home becomes less and less attainable, renting is no longer a temporary arrangement for many&hellip;\n","protected":false},"author":2,"featured_media":275448,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[7809,192,79,146713],"class_list":{"0":"post-275447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-appwebview","9":"tag-environment","10":"tag-science","11":"tag-u-uu"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/275447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=275447"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/275447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/275448"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=275447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=275447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=275447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}