There are plenty of signs these days that we are in a renters' market. Industry watchers say 2023 was peak pricing, with an average rent for a one-bedroom hovering around $2,500 a month. Last year, that started to change, in part due to an increased housing supply, a softening job market and fewer people moving to the province. Incentives even started popping up on renters' websites. Liv Rent’s head of marketing, Matisse Yiu, explains why.
