Vancouver and Toronto Renters Lament Quality of Life More Than Homeowners: StatCan

Vancouver and Toronto Renters Lament Quality of Life More Than Homeowners: StatCan
A "For Rent" sign is posted outside a home in Toronto, on July 12, 2022. The Canadian Press/Cole Burston
The Canadian Press
Updated:
0:00

Renters across the country faced record low vacancy rates and record high rent increases in 2023, but Statistics Canada says Toronto and Vancouver residents who don’t own their homes face the greatest financial pressures.

The agency says survey results over the last few years show renters are more prone to reporting lower quality of life than homeowners, especially in Vancouver and Toronto.