Rents are coming down in many Canadian cities, but that doesn’t necessarily mean renters are finding it easier to make ends meet. A new report from rental risk intelligence company SingleKey argues that income growth — or the lack of it — is increasingly important to rental affordability, with some smaller markets feeling more pressure even as rents soften. Nationally, average rents fell 2.1 per cent year over year to $2,051, according to the company’s analysis of thousands of rental applications submitted between April 1 and June 30.
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