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An overhaul of rental laws could help people such as Alyssa, who spends more than half her income on rent. However, there are fears changes could worsen the housing shortage. ....
Many renters across the country have benefitted from significant drops in Canada’s rental market over the past year, but according to a new report from Rentals.ca, the average national rent price is expected to go up by 3% by the end of 2021. Rent prices, particularly in large cities like Toronto and Vancouver, saw steady decreases over the past year as the effects of the COVID-19 pandemic continued. The ability to work from home, a closed border, and online classes have all contributed to a higher than normal vacancy rate in the larger metropolitan areas, helping to drive down prices. ....