There are all kinds of reasons why people rent. Finances, short-term jobs or plans to move elsewhere in the near future are all motivations to rent instead of buy. However, one common reason many people prefer not to rent is a universal myth: renting is throwing your money away.

Sure, it can seem as though you’re setting those hard-earned dollar bills on fire by renting a home rather than investing in your own. But with higher real estate costs, inventory issues and complicated mortgage rules, that’s no longer the case.

According to the latest census report in 2021, one-third of Canadians rent. Of those, 63 per cent feel they’re destined to be life-long renters. The good news is that renting can benefit your portfolio and your lifestyle, depending on where you choose to live, your age and your overall goals.

Related: These Are the Hottest Canadian Cities for Renters

Why Renting Can Save You Big

Have you ever heard the term “house poor?” It occurs when you purchase a home, only to have so much of your income go towards housing bills that there’s not much left — for savings, other financial needs or fun. Many homeowners who believe it’s important to own their property fall into that trap. But sometimes, it’s smarter to spend less on rent and save more.

Work with a financial planner or other experts to see if you can procure a savings rate that will outperform the house appreciation and mortgage fees in your chosen area. In some cases, you can earn more than the value of a house by avoiding a large mortgage payment and putting that extra money into an interest-generating account.

However, it’s important to remember that basic bank savings accounts won’t necessarily make you money. They typically offer very low rates (an annual percentage yield of 1 to 2.5 per cent). Canada’s average household savings rate is much higher, at an average of 6.1 per cent, at the end of 2024. So, if you want to increase your portfolio with money saved by renting, ensure you work with the proper professionals to max out your rates.

Hidden Savings of Renting

When you purchase property, you’re also responsible for paying a slew of expenses that go with it. That includes property taxes, land transfer taxes, maintenance and upkeep, and any renovations or redesigns. That’s all on top of the hefty down payment. When you own a home, you are also responsible for fixing everything and anything that goes wrong; and if you aren’t saving for a rainy day on top of sky-high mortgage rates, you could find yourself in trouble.

Maintenance fees are also a consideration for those who purchase a condo or townhouse. Plus, insurance tends to be lower for renters than owners.

Related: Top Renter-Friendly Cities That May Surprise You

The Lifestyle Benefits of Renting

One of the biggest benefits of renting is that you generally have predictable expenses, which makes planning for the future much easier. But there are several lifestyle factors to consider, too. If you’re not ready to settle down in one place or commit to a specific city, renting can be an ideal way to get a feel for a place. It’s also great if you’re looking for flexibility and the ability to relocate quickly with fewer upfront costs. If you’re renting a condo, they usually offer you many desirable amenities, like a gym, party room and other convenient extras.

One of the best benefits of renting is that you aren’t responsible for maintenance and repairs, which saves money. Of course, depending on the person you’re renting from, relying on someone else to fix things up in a timely and efficient manner can be a bit of a gamble. That’s why you should always ask about the repair procedure and set up a potential meet-and-greet with the maintenance person during a rental home viewing.

Factors to Consider Before Renting

Renting isn’t always the best solution for every situation, but it’s also not the same as throwing your money away. If you are thinking about renting over buying a home, think big picture. Be honest about your financial situation and how you can save the most money in the foreseeable future. Market conditions, the mortgage rate you can secure and job security all factor into that.

It’s equally important to be honest about your lifestyle factors and know what you want from your home. Is it more important to live closer to work and rent than to commute two hours a day from the suburbs? And what kind of flexibility do you need in your life? Will you need a bigger space in the next few years, or can you stay put for a while?

Before you sign a lease or a mortgage, ask yourself these critical questions. By covering your bases and planning for your needs, you’ll find a situation that works for you and keeps as much money as possible in your wallet.

Now that rent in Canada has dropped for the fifth straight month, renters have something to celebrate. Sure, rental prices are still higher than they were a couple of years go, but this trend lends a glimmer of hope that a slightly more affordable living could be a reality for some Canadian renters.

According to a monthly report by Rentals.ca and Urbanation, the average rent across the country decreased by 4.8 per cent in February. For those keeping track, that’s the largest drop since April 2021. That means average national rents are now only 5.2 per cent higher than they were two years ago, and 16.9 per cent higher than pre-pandemic.

So why the trending shift? According to experts, there are a few key events that are resulting in more affordable units and homes.

An Economic Shift

Shaun Hildebrand, the president of Urbanation, says rental decreases are due to several factors, like the market slowdown, a record number of apartment completions, a deceleration in population growth, and overall economic challenges from 2024.

“Current trends suggest rents may experience further decreases in 2025, which so far have been focused on secondary market units,” he said in a release.

That makes now a great time to rent, particularly from independent owners. But Hildebrand cautions that these decreases are probably temporary and won’t drop much more in the coming months. He says there still aren’t enough rental units in the country; and as construction slows down, rents are predicted to go back up.

Related: These Are the Hottest Canadian Cities for Renters

The Most Expensive City to Rent

According to the report, the average national rent is now $2,088. However, the price you’ll pay for a unit depends on what kind of unit you’re looking for and where you want to live. As of March 2025, the most expensive city to rent in is Vancouver, where a one-bedroom averages $2,518 per month and a two-bedroom goes for n whopping average of $3,442.

Burnaby, BC, Toronto, Oakville, ON, and Mississauga, ON rounded out the top five most expensive cities to rent, with prices all above the national average. In fact, the top nine most expensive cities, which also include Ontario’s Etobicoke, North York and Burlington as well as Victoria, BC, all exceed the national average rent.

Guelph, ON ranked No. 10 at $2,084 for a one-bedroom, while Brampton, ON. placed 11th at $2,076 for a one-bedroom.

Outside of Ontario and BC, Halifax is the most expensive city to rent in, with a one-bedroom going for an average of $2,033 and a two-bedroom priced at $2,504. Montreal, meanwhile, averaged $1,744 for a one-bedroom and $2,255 for a two-bedroom. Calgary was $1,583 and $1,919 respectively, Winnipeg averaged $1,426 and $1,744, and Saskatoon was $1,262 and $1,473.

Related: Where Are Canadian Renters Getting the Most Space for Their Money?

Property Type Matters, Too

Where you live makes a big difference in the rent you’ll pay, but so does the type of property you rent. According to the report, condos went for the highest national average, followed by apartments and houses/townhomes.

The biggest change in rent came with those seeking houses or townhomes, with a -10.4 per cent change year-over-year. That’s slightly more than the drop in condo prices, which was -7.6 per cent year-over-year. Apartments, meanwhile, stayed pretty consistent with only a -1.9 per cent drop.

The bottom line? Houses are becoming more affordable for renters, particularly as owners seek secondary incomes and families opt to rent rather than buy.

Not All Provincial Rent Averages Dropped

Although Canadian rents dropped overall in the last year, not all provinces saw the decrease. Ontario saw the biggest drop at four per cent, while BC and Quebec dropped by one per cent each.

Atlantic Canada saw the biggest jump though, with average rents going up by six per cent. Saskatchewan also increased, by five per cent year-over-year, while Manitoba jumped three per cent. Alberta also increased by one per cent for a combined, national rent drop of -2.9 per cent year-over-year.

Related: Top Renter-Friendly Cities That May Surprise You

A Nation of Renters

According to the last census in 2021, roughly five million Canadian households rent their homes. That translates to roughly 33 per cent of Canadians who rent. Those numbers may be outdated though and won’t be confirmed until the next official census, which is scheduled to take place next year.

In the meantime, some studies suggest that as many as 28 out of 50 major cities in Canada have more than the 33 per cent national average of renters. Surprisingly, it’s Montreal that boasts the most renters, with 63 per cent of households.

There’s a giant list of things to consider when it comes to apartment hunting. Getting into a good area, finding the perfect amount of sunlight or knowing whether you can paint is just the start. There are finances, working appliances and safety features like smoke detectors to also worry about, not to mention cleanliness, space, vibes and dozens of others.

Most renters come armed to a viewing with a list of questions. However, there are some sneakier things you should watch out for, too. From potential critters to positive maintenance signs, here are 10 things you should add to your checklist when looking for a new place to rent.

Working Electrical Sockets

No one wants to move into a new place only to learn about electricity issues. Avoid that potential problem by checking the outlets yourself during the viewing. Bring a small appliance or a lamp with you and test it out in every room. Be sure to test multiple outlets in each room, too.

Speaking of electricity, an apartment viewing is a good time to ask how you can access the breaker panel in case of a tripped wire or emergency.

Good Cell Phone Reception

Few people have landlines anymore, and you probably don’t want to be one of them. That’s why it’s important to check your phone reception in the apartment you plan on potentially living in. During the viewing, test out your phone by firing off a few texts, checking your email and making a phone call for good measure.

Related: These Are the Hottest Canadian Cities For Renters

Acceptable Noise Levels

Background noise can be a huge factor in your living space, so you should always assess ambient noises in a potential apartment. Furthermore, you should consider viewing the place several times and during different times of the day. That will give you the best idea of what the noise levels will actually be like while living there.

Good Air Quality

Another reason to schedule multiple views during different times of the day is to assess the air quality and what kinds of smells you may be dealing with in your potential unit, hallways and common areas. If you’re concerned about pollutants, humidity, mold or other issues, bring along a portable indoor air quality reader.

Clean Common Areas

You may not plan on spending a lot of time hanging out in the common areas of your new potential building, but how they’re kept can tell you a lot about the property management and overall care of the place. If there are ripped seats, cracked walls or floors, dead plants or other red flags, it may not be the place for you. Safety can be another issue, so take a look at how secure these areas are and whether they’re monitored.

Related: The Canadian Cities Expected to Grow the Most in 2025 

Investigate the Bug Situation

If you see a lot of bugs during your apartment viewing, that’s a clear red flag. But pests aren’t always so obvious. Bring a flashlight to inspect darker corners and look for stains, droppings, bite marks (especially on any furniture) and signs of nesting. If there’s a current renter, check the mattresses and headboards for any signs of bed bugs.

Good Water Pressure

Checking that the appliances, toilets and faucets are all in good working order is a must on any apartment-hunting checklist. But don’t forget to also examine the water pressure in the shower. Having a good stream of water every day can be a non-negotiable for some people, and you don’t want to discover that your shower is subpar after signing the lease.

Related: Where Are Canadian Renters Getting the Most Space for Their Money?

How Is the Commute?

If you work from home, you’re probably already looking for an apartment with enough room for a workspace or office. But if you commute, remember to look beyond location and really factor in those details about the commute itself. If you can, recreate the trek to and from work a couple of times during the week to test out what it’s really like. You may be surprised at what you learn.

Good Neighbours

You don’t need to pound on the neighbours’ doors to get to know them. When you’re viewing an apartment, take a bit of time to chat up anyone you happen to see in the halls, common areas or elevators. They can give you a sense of who lives there, but also what kinds of problems might currently exist.

Accessible Maintenance Staff

During your viewing, you should always ask to meet the person in charge of maintenance and get a feel for who might be fixing something for you if things go wrong. If you’re renting from a condo owner, ask them how they plan on handling any potential issues. The key is to foster good communication and a relationship from the beginning.

 

If you’re ready to shake off the snow and heat up your search for the perfect rental property, you’re not alone. The beginning of the year is usually a slower time for renters; but with the upcoming thaw, the market is expected to pick up over the next few months.

With house prices remaining high and availability still low, renting remains the best way for many Canadians to find housing. Some cities are more desirable than others, but thanks to a new Canadian Renter Interest Report from RentCafe.com, we have a better idea of where renters are actually looking.

The site analyzed online interactions over the last quarter of 2024 to determine the country’s top rental markets, zooming in on four main factors: availability of apartments, listing views, apartments saved as favourites and saved personalized searches.

So, where is the hottest place to rent in Canada? You may be surprised.

The Hottest Canadian City for Renters Is Winnipeg

According to the report, Winnipeg us the No. 1 choice for Canadian renters searching for an apartment. That could be because the city has plenty of job opportunities, good healthcare and a vibrant community. According to the report, many locals rent there, but many renters also come from Toronto.

The second-most desirable rental city in Canada is Edmonton, where growing tech opportunities attract young professionals and families. Many residents come from Calgary and Vancouver, but Edmonton also attracts some residents from across the border.

Rounding out the top 3 most desirable cities for renters is Victoria, BC, where remote workers and young entrepreneurs are interested in the smaller city’s overall lifestyle. It’s still an expensive place to rent, however, and many current renters come from within the province.

Related: Where Are Canadian Renters Getting the Most Space Per Dollar?

Middle of the Pack

According to the study, the hottest Ontario city for renters is Ottawa. It placed fourth on the list after locals and those from Toronto, Montreal and Gatineau, QC moved into the nation’s capital.

In fifth place was Halifax, where many renters have been checking out apartments. This could be due to the universities and colleges there, mainly since renter interest comes from across Canada. Moncton, NB placed sixth on the list, Kingston, ON was seventh, and Niagara Falls, Oshawa, ON and Nanaimo BC rounded out the Top 10.

Major Cities Still Draw Renters

According to the report, renters are still drawn to major hubs in Canada. Toronto placed 14^th on the list, jumping up in overall popularity. However, the report notes the city experienced a sharp decline in saved searches on RentCafe, indicating that renters are jumping on preferred properties quickly. In other words, if you find a Toronto apartment you love, get on that immediately.

Montreal remained steady in the 22^nd spot, with more overall listings and favourited properties, while Vancouver went from 21^st to 23^rd. According to the report, there are more listings in the city but less online engagement, which means selective renters are waiting before committing to a lease.

Overall, Ontario was the biggest province for renters, with 13 cities making the Top 25.

Moncton is the Fastest Growing Place for Renters

In terms of overall growth, it appears as though Moncton, NB is the fastest-growing city for renters. It increased by 19 points from the fall, when RentCafe last released its findings. Toronto and Halifax also increased by six points apiece, while Gatineau and Barrie, ON increased by four points each.

Not all cities experienced an increase in renter interest, however. Saskatoon fell significantly in the rankings, dropping 19 points from second place to 21^st. It wasn’t the only city to move down the list. St. Catherines, ON fell by seven points to 20^th, Regina fell six points to 12^th and Kitchener, Ont. dropped five points to 19^th place.

To learn more or to read the full report, visit RentCafe.com.

 

 

 

Finding a rental that balances price and space is a challenge these days, especially in Canada’s bustling housing market. With rents skyrocketing, renters across the country are eager to find cities that offer affordable, spacious living options.

A study by the ViewHomes Team — a division of London, ON-based real estate firm Nu-Vista Premiere Realty Inc. — took a deep dive into rental data from 41 Canadian cities to assist potential tenants in making better choices. It uncovered the best spots for renters to get the biggest bang for their buck in terms of square footage.

Related: Top Renter-Friendly Cities That May Surprise You

Let’s take a look at the cities that made the Top 10.

1. Regina, SK

If you’re looking for value, Regina is the place to be! At $1.76 per square foot, you can snag a 756-square-foot apartment for about $1,333 monthly. The provincial capital boasts a more affordable cost of living than many other Canadian cities, a growing economy and a friendly, community-oriented atmosphere.

2. Sherbrooke, QC

Sherbrooke is the runner-up with a price of $1.93 per square foot. Renters in this southern-Quebec city get a bit more space, with average apartments around 825 square feet costing about $1,595 each month. In addition to the lower cost of living, Sherbrooke offers a unique blend of Quebecois culture, a vibrant university town atmosphere and beautiful natural landscapes.

See also: The Canadian Cities Expected to Grow the Most in 2025

3. Laval, QC

Laval takes the third spot, providing almost 900 square feet for $1.96 per square foot, which totals around $1,756 a month. It’s a great way to stretch your budget compared to living right in Montreal, and you still have the convenience of the Metro to get into the city whenever you want.

4. Fort McMurray, AB

Alberta’s Fort McMurray earns the fourth spot on the list with a rental cost of $2.04 per square foot. Renters here pay $1,576 per month for apartments averaging 773 square feet. The city offers a high earning potential in the resource sector, a close-knit community and access to vast wilderness areas for outdoor enthusiasts.

You might also like: Would You Qualify for a Mortgage in 2025?

5. Brossard, QC

In fifth place is Brossard, QC, where you can enjoy large 893-square-foot apartments for a rate of $2.13 per square foot, which comes to roughly $1,907 a month. Brossard is part of the Greater Montreal area, located right across the St. Lawrence River on the South Shore. It’s a great spot to enjoy city access while paying less than half the price per square foot compared to the island.

6. Saskatoon, SK

Coming in sixth place, Saskatoon in Saskatchewan has a rate of $2.14 per square foot. Renters can expect to pay about $1,765 for an average apartment that measures 823 square feet. Saskatoon offers a unique blend of affordability, a thriving job market and a friendly atmosphere, making it an attractive option for renters seeking a balanced lifestyle.

Related: Study Reveals Which Canadian Provinces Have the Highest Life Expectancy

7. Peterborough, ON

In Peterborough, you’ll pay $2.33 per square foot, and the typical mid-sized apartment is around 855 square feet, costing $1,990 a month. Peterborough offers renters a more affordable cost of living compared to larger Ontario cities, combined with access to beautiful natural surroundings and good schools like Trent University.

8. Nanaimo, BC

Renters in Nanaimo, BC, are looking at a cost of about $2.36 per square foot for apartments that usually span 794 square feet, making the monthly rent about $1,872. Located on the east coast of Vancouver Island, Nanaimo offers a desirable blend of island living, stunning natural beauty, a relatively mild climate and a more relaxed pace of life.

See also: Buying a Home Solo: It’s Possible and Here’s How to Do It

9. London, ON

If you’re renting in London, ON, expect to pay around $2.46 per square foot, which means the average rent comes to about $2,077 for a space of 843 square feet. It has a balance of big-city amenities along with a vibrant arts and culture scene and access to green spaces.

10. St. Catharines, ON

St. Catharines makes it into the top 10, where renters are paying $2.55 for every square foot. The average monthly rent in this biggest city in the Niagara Region sits at $1,929, with typical apartment sizes around 755 square feet. The combination of affordable housing, proximity to nearby wineries and natural attractions as well as a growing job market make it a good place to live.

Related: The Best Places for Gen Z to Live in Canada

Where Are Canada’s Major Cities on the List?

Curious about rental prices in Canada’s major cities? Edmonton ranks 19th, with renters paying $3.36 per square foot. Halifax is 21st, where the cost is $3.48 per square foot. Winnipeg is at 22nd, with a rate of $3.53 per square foot. Vancouver comes in at 31st, with an average monthly rent of $2,510 for a 576 square foot apartment, which works out to $4.35 per square foot. Montreal renters face $5.35 per square foot, putting them in 35th place. Finally, Toronto is at 37th, with a rate of $5.89 per square foot.

Wondering which city is the most expensive? Calgary, AB, sits at number 41st on the list. If you’re renting there, be ready to pay around $9.04 per square foot. For an average apartment of 648 square feet, that translates to a monthly rent of about $5,858.50.

There’s some positive news on the horizon for renters in Canada! The February 2025 National Rent Report by Rentals.ca reveals that the average asking rent for residential properties hit $2,100 in January, a 4.4 per cent drop from last year and an 18-month low.

You might also like: 10 Most Expensive Places to Live in Canada

For some, buying a home can feel impossible in Canada’s housing market. We’ve seen plenty of conversations about the challenges aspiring homeowners face, especially the younger ones. A new study released by Re/Max confirms that; affordability, availability, down payments and stress tests are locking a new generation into becoming a nation of renters.

According to Re/Max president Christopher Alexander, homeownership rates in Canada have fallen by about three per cent over the past five years. However, that doesn’t mean that some 20-to-30-year-olds aren’t finding a way to make their homeownership dream a reality.

“70 to 75 per cent of Canadians want to buy a home in the next three to five years, and the fact that homeownership rates in most cities are falling is a concern. It shows you the barriers to entry are increasingly challenging,” says Christopher. “But places like Calgary and Edmonton are bucking the trends, mainly due to affordability and positive job growth.”

Related: Everything You Need to Know About Owning a Tiny Home in Canada.

Where Are Young People Looking to Buy?

Christopher adds that the average income in Edmonton and the strong job market have created opportunities for those looking to purchase a home. Smaller cities in Nova Scotia are also attractive to younger buyers. However, the Maritimes, Newfoundland and Labrador, and the Prairies are also more affordable options for young people entering the housing market.

“We don’t talk about the Prairies enough, but Saskatchewan’s provincial economy is doing quite well and average house prices in their largest cities are $250,000,” he adds. “The savvy homebuyer has been looking there because it offers so much and is really affordable.”

According to another report released by Fairstone last fall, certain cities in Quebec are also affordable for young Canadians. Trois-Rivières, Sherbrooke and Quebec City are among the most affordable places to live in Canada right now.

Getting Creative and Saving Up

Last year, Re/Max explored how young Canadians are getting creative in their journeys to owning a property. That report found that non-traditional homeownership is becoming more common, with more and more people looking at co-ownership, secondary suites and rent-to-own models as viable alternatives to traditional purchasing paths.

“There are a number of avenues young people can take, but it does start first and foremost with saving towards a down payment,” Christopher says. “Maximize your government assistance programs and get creative. Those would be the three pieces of advice I would give.”

Related: Buying a Home Solo: It’s Possible and Here’s How to Do It.

Don’t Over-Extend Yourself

Christopher says most young people he speaks with want their dream house immediately. However, a more practical way to enter the housing market is to begin with a starter property and work your way up. Having it all right away just isn’t feasible without external financial support, especially if you choose to stay in a major city or most places in Ontario or British Columbia.

“A lot of young people expect a detached home with a yard, three bedrooms and four bathrooms right out of the gate,” he explains. “That’s really unrealistic, unless you’re in one of those communities we talked about. Real estate has always been a long-term investment.”

He adds that, traditionally, people don’t usually move into their forever home until their fourth or fifth property. Buying a condo as a first home and using it to move up and into a larger property in the future makes sense.

“It’s more about time in the market than timing it,” he says.

Urban vs. Suburban

When it comes to lifestyle, Alexander says not much has changed in terms of where young people would like to live and the historical pattern of moving out is still the same.

“Kids go to university, they come home and they move in with their parents. Then, they get a job and move into a city that has some nightlife and entertainment,” he outlines. “Once they begin to settle down and start families, they end up moving back to the suburbs. That hasn’t really changed.”

At the end of the day, every person and every situation is unique. If something is right for you, be open minded to different purchasing scenarios and think of it as a long-term investment opportunity.

“You have to think of it as not over-extending yourself financially; ask yourself if you can see yourself in the home for at least five years,” Alexander says. “If those two things line up and the property is right for you, you’re going to do really well.”

Staging your home in preparation for selling can feel overwhelming, but it doesn’t have to be. The first step is to understand why it’s an essential step in the process. Whether you work with a designer or take on the task yourself, the goal is to help potential buyers see themselves in your space, often identifying how you can optimize space to enhance key selling features.

It’s a significant investment, but real estate staging has many benefits, including retaining higher offers, selling your home faster and building a competitive edge. Plus, the principles used in luxury home stating can also help you style your home for a professional gathering or any special event. Read on to hear our top tips.

Put on Your Buyer’s Glasses

While it’s not a specific design task, considering the buyer’s mindset can help you successfully approach luxury home staging. Look to the general vibe and aesthetic of the neighbourhood where your home is, including surrounding amenities like schools, parks, stores, commuting, etc. In the case of special events, understanding your guests’ expectations and styles can help you envision your design and staging choices.

Related: 10 Ways to Transform Your Bathroom Into a Luxury Spa Retreat

Make It Less Personal

It might not feel natural to you, but removing personal items from the home is a crucial element when it comes to staging. Scan the house and remove family photos, personal mementos and any additional decor uniquely specific to you and store them away. After all, you want the people viewing your home to envision their future without witnessing your present.

Remove Clutter and Distractions

Grab some boxes and pack away any items that take up space or provide a distraction for potential buyers. You want them to focus on the most interesting features of your home, which shouldn’t include pursuing your collection of books piling up on a nightstand or drawing their attention to piles of toys or laundry that still need to be folded. Ensure counters, tables and shelves are cleared of clutter, or replaced with tasteful decor.

Be Mindful of Bold Colours and Accents

Colour is essential to help breathe new life into dull spaces, but you’ll need to strike a balance. Tasteful accent walls and pops of colour in your decor can work well in large rooms, but neutral shades are often easier on the eyes. When in doubt, work with a designer to help you determine what makes the most sense before mixing paint or purchasing flashy drapes and furniture. The goal is to create spaces that appeal to a broad audience without isolating key buyers.

Mirror Magic

Mirrors create the illusion of more space, while adding light and depth to any room in the home. Placing tasteful mirrors in strategic places throughout the space is more affordable than costly renovations. To avoid unnecessary holes in the wall, lean mirrors against furniture such as a fireplace mantel, or rest them against the wall on top of dressers and shelves.

Related: 10 Stunning Statement Mirrors for Every Style and Budget

Rearrange or Eliminate Furniture

The flow of each room in your home is essential in maintaining the buyer’s interest. Create a space where everything in the house connects seamlessly without making things overcrowded or bare. To help aid in this effort, consider rearranging your furniture to create an airier atmosphere and allowing the rooms to appear more spacious. Sometimes, placing some furniture in storage might be necessary to decrease the volume where it counts the most.

Incorporate Plants or Flowers

Breathe a little life into each room with floral accents and tasteful greenery. Plants and flowers effortlessly invite colour into a dreary space, creating a calming vibe cascading throughout the home. Larger plants can also fill empty spaces or add texture and dimension to any room. If you already have plants displayed in your home, make sure they’ve been dusted, wiped down and watered so they appear healthy and clean.

Related: 10 Tall Potted Plants That Add a Touch of Luxury

Let There Be Light

Evaluate your current light fixtures, including all dimmers and bulb types, to determine if the amount of lighting in your home is complementary to the style you present. Good lighting can set the right mood; even if buyers are visiting the space during the day, they might choose to flick the lights on and off, so you’ll want to make it count.

Make It Cozy and Inviting

When it comes to luxury home staging, making things appear cozy and lived-in can help you seal the deal. Plush linens, fluffy throw blankets and accent pillows can warm a cold space and help buyers imagine a perfect night in with loved ones. Adding some candles throughout the home also lends itself well to creating comfort; just be mindful of strong scents that could be too much for some guests passing through.

Curb Appeal Matters

Finally, if you live in a house, don’t forget to pay attention to the exterior of your home too. Curb appeal is a common phrase you’ll hear from agents and designers — and it’s for good reason. Potential buyers will first see your outdoor space; the goal is to get them inside the house. A curated and expertly groomed landscape can help sell your home in addition to incorporating shrubs or flower beds, while making sure that the entirety of your outdoor space is pristine.

 

With the cost of living staying at an all-time high, it seems like moving out and renting a place is an impossible task. Gen Z and millennials have been searching across Canada for areas with affordable rent. Well, according to a recent report, there are actually cities where renting a home is in demand.  

RentCafe.com, an apartment search website in Canada and the US, shared its city-based research and real estate market insights in its latest study. It analyzed millions of interactions based on four key indicators: Availability of apartments, listing views, apartments saved as favourites and personalized saved searches. Read on for the top renter-friendly cities that may surprise you. 

1. Winnipeg, MB

Winnipeg is the top city of choice for renters. Not only did it rank high for being a sought-after renter city, but it ranks second nationwide for its most favourited apartments. Winnipeg has a diverse economy in manufacturing, education and healthcare, which attracts young workers starting off as renters. 

2. Saskatoon, SK

Coming in second place is Saskatoon. The second-trending city saw a rise in online traffic and a 34 per cent rise in favourited apartment listings compared to last year. It’s also Canada’s youngest and fastest-growing city in the Prairies, attracting newcomers and young families searching for affordable housing and better job prospects. 

Related: The Canadian Cities Expected to Grow the Most in 2025

3. Edmonton, AB

Edmonton is in the third spot for renter-friendly cities in Canada. Not only is it the largest city by population in the top ten, but it tops the list for most favourite listings. Edmonton also has a diverse economy in oil and gas, trade, manufacturing, education and healthcare, drawing in young professionals from a variety of backgrounds. While the city’s population grows rapidly — driven by new immigrants and those moving from other provinces — Edmonton remains quite affordable. If you’re thinking of renting a place, Edmonton might be it. 

Related: These Canadian Cities Are Named the Best in the World

4. Victoria, BC

Claiming the fourth spot is the beautiful West Coast city of Victoria. This may be surprising considering how expensive BC is in general. However, the picturesque city is trending among renters. It’s a great spot for professionals from various job sectors like government, education and technology. Victoria is for those who are looking for a high quality of life in a smaller location. 

5. Ottawa, ON

In fifth place is Ottawa, the nation’s capital city. Its strong economy, including a stable government employment base and a growing tech sector, attracts young professionals and families looking to rent and settle. In terms of favourited listings, Ottawa came in third place. 

6. Regina, SK

Another prairie city to highlight is Regina with a 29 per cent increase in available listings compared to last year and favourited cities. Between urban conveniences and access to green spaces, Regina makes it appealing to renters who are seeking a high quality of life. 

7. Nanaimo, BC 

In seventh place of surprising renter-friendly cities is Nanaimo, BC. The Vancouver Island communities are more affordable options compared to Victoria or mainland British Columbia cities like Vancouver, Abbotsford and Kelowna. Aside from the affordability factor, Nanaimo has plenty of green spaces, a balance of urban amenities, access to public transit and proximity to schools. It’s no wonder Nanaimo is the new renter place to be. 

Related: What It’s Like to Live in B.C. vs. Nova Scotia

8. Kingston, ON

Much of the apartments and renters in Kingston mostly come from students attending Queen’s University and St. Lawrence College, so you know it needs to be affordable to rent. The city also has a surge in urban development and infrastructure upgrades, boosting its appeal in areas like downtown and the waterfront. 

9. London, ON

Coming in ninth spot is London, ON. Growing industries like battery development, energy storage, agri-food and technology are attracting skilled workers while institutions like Western University are attracting students to make the move and rent. There is also a large interest from cities like Montreal residents looking to relocate. 

Related: The Most Affordable Cities in Canada for Solo Homebuyers: Report

10. Niagara Falls, ON

Rounding up the top list in 10th place is home to one of the most famous attractions in the country: Niagara Falls. Although it saw a decline in favourited apartment listings (58 per cent), with the proximity to local attractions, the city is trending to those seeking a balance between scenic beauty and affordable urban living. 

Whether you’re planning a move, looking at launching a business, or just wondering where the action is happening in 2025, some Canadian cities are growing faster than others. As people search for homes outside the main Canadian cities, where they’re settling might surprise you.

Several reasons a city’s population could be on the rise include immigration, access to social communities, employment, housing and health facilities. According to Immigration.ca, here are the 10 Canadian cities that grew the most over the past several years, and could continue to expand in 2025.

10. Barrie, ON

With a waterfront, historical downtown and proximity to Toronto, Barrie became an affordable place to live between 2018 and 2022. With the influx of population and rising costs of living, housing prices have increased. But with year-round attractions (skiing, beaches and everything in between), robust business activities and the county’s lowest crime index, Barrie continues to be one of Ontario’s hotspots.

9. Winkler, MB

Believe it or not, there are plenty of job opportunities in Winkler, Manitoba’s fourth-largest city. That’s especially true in the agriculture and manufacturing industries, attracting immigrants as a result. It’s a quieter and peaceful place to live, making Winkler an ideal place for families in 2025.

Related: These Canadian Cities Are Named the Best to Live in the World

8. Kitchener, ON

The tech industry continues to embrace Canada’s Silicon Valley, which includes Kitchener. There are plenty of start-ups and tech opportunities here, as well as universities, greenspaces and the annual Oktoberfest — one of North America’s largest. Kitchener is also less than two hours away from Toronto, making it a desirable choice for those who don’t want to give up city life entirely.

7. Kelowna, BC

The housing market in Kelowna, including single-family homes, have seen a slump in the past two years, renewing interest in the area. Of course, it’s always been desirable thanks to the pretty landscapes and overall quality of life. Although housing supply has remained low and prices lofty, Kelowna still saw a 10 per cent population growth since 2018.

Related: The Best and Worst Cities for Homebuyers in Canada Revealed

6. Oshawa, ON

Oshawa also experienced a more than 10 per-cent population growth since 2018. That’s likely due to the employment opportunities and proximity to Toronto. It’s a more affordable place for families to live than TO, with larger properties and more access to green space. As a result, the population is expected to keep rising in 2025.

5. Whitehorse, YT

People living in Whitehorse make more than the Canadian average, while the unemployment rate is significantly lower. Other perks for moving up north include big-city amenities (public transit, shops, gyms and restaurants), culture and a greater sense of community. The gorgeous views also help. Unfortunately, finding somewhere to rent can be hard, but single-family homes are available those willing to buy.

4. Halifax, NS

This commercial port saw a population increase of 11.8 per cent since 2018, with many young professionals moving there for universities and job opportunities. Despite the growing pain of rising costs, it’s still a more affordable option than many major Canadian cities while still offering big-city vibes, with a robust culinary scene, low crime rates and a milder winter compared to some other East Coast towns.

Related: Canada’s Sunniest Cities (and How Much It Costs to Live There)

3. Woodstock, ON

Canada’s dairy capital has experienced a growth rate of 12.4 per cent since 2018, with plenty job opportunities in auto-manufacturing, trades, construction and warehousing. The city boasts a relatively small population of just under 47,000 residents, but newcomers and families continue to pull toward Woodstock’s affordable housing, quiet lifestyle and big-city amenities set in a small-town aura.

2. Moncton, NB

Diversity, affordability and a high quality of life are the main attractions in Moncton, writes Immigration.ca. But job opportunities and lower living costs are also factors. This New Brunswick city has been named the most Canadian place to live and one of the best places to raise a family. With a beautiful downtown, a bilingual population and plenty of job opportunities, it is likely to continue growing in 2025.

1. Charlottetown, PEI

The birthplace of Confederation remains one of the best cities for first-time homebuyers — thanks to job opportunities and affordable housing, not to mention its central location to the rest of PEI. There is a ton of natural beauty and outdoor activities for families to relish, plus a commercial airport and marine terminal that encourage a thriving economy.

It’s a new year, and while you may not necessarily buy into the whole “new you” concept that many people like to talk about every January, now is a great time to take stock of your finances. Whether you’re saving for a new home, funding a reno, or planning a move, the best time to start saving is now.

Sometimes, that’s easier said than done. But there are steps you can take to give yourself a fresh financial start in 2025 while getting on track to save for the living arrangements of your dreams.

Take Stock of Your Current Finances

January is an excellent time to go back and see how the past 12 months went. Maybe you spent too much over the holidays. Perhaps you started a new job or side hustle and weren’t sure what kind of money you could count on yet. Whatever your situation, you can learn a lot about your financial habits by seeing what you spend.

One good measurement is to see the current balance of your bank accounts and tally up any outstanding debts. Doing so lets you see exactly how much you owe while adding up how much money you’ve squared away for emergencies.

It’s also a good idea to see how much you were able to save this year, how much you earned overall, and how much you may have invested.

Create an Honest Budget

Creating an honest budget is easier when you have a clear picture of your current finances. If you’ve done budgets in the past but had difficulty sticking to them, perhaps you weren’t being honest enough with yourself.

If you’re the type of person who buys coffee every morning and lunch three times a week, don’t expect to change overnight. Ensure you include money for spending, take-out, gifts and emergencies in your bi-weekly or monthly budget, along with your bills and savings. A good rule of thumb is to save about 10 per cent of your salary after taxes, but that isn’t always feasible. Plan to save what works for you and treat that line in your budget like a bill.

Related: These Big Renovations Will Beef Up Your ROI

Write Down Your Goals

Now that you know what kind of budget you’re working with, write down your goals. They can be big-picture, like saving $20,000 for a down payment, or smaller, such as purchasing new appliances. Perhaps you want to paint your home and need a few hundred extra dollars. Or maybe it’s time to upgrade that crib to a bed.

Whatever your goals, estimate how much they will cost and when you want to achieve them. If you have several goals, list them from most important to least important, and decide what percentage of your savings you can put toward each item. The more detailed you can be, the better.

Meet With a Financial Expert

You’ll see some growth if you throw your savings into a regular bank account. But you may experience more growth by looking at investment accounts via a financial planner. They can help you get into investments, mutual funds, savings bonds and more, helping you grow your money more than a regular old savings account can.

Meeting with a mortgage broker is also a good idea if you plan to buy a home. They can help you put on paper exactly how much you can afford and what you need to save to get the best possible mortgage rate. Plus, many of them will lock in a rate with you that’s guaranteed not to go up over the length of your agreement.

Even if you have a financial planner or mortgage broker, the beginning of the year is a great time to check in and ensure your accounts are doing what they should. After all, life changes, and sometimes, we need to switch things up.

Related: Buying a Home Solo: It’s Possible and Here’s How to Do It

Be Patient

Saving $100 a paycheque for a home renovation or a down payment can feel like nothing. But even without interest, that’s an extra $2,600 a year that you’ve managed to put toward your goal. If you have a partner who can do the same, that’s $5,200 a year. In five years, you’ll have a $26,000 down payment. That number could be even higher depending on what interest you’re making.

The point is to be patient and trust the process. That goes for savings, budgets and goal-setting. We live in a world where we’re used to getting things we want instantly, but sometimes, good things really do come to those who wait. Your finances might not be perfect, but with time, determination and planning, 2025 can be the year you finally get on track.