RentCafe’s latest Renter Interest Report unveils the Canadian cities that captured the most renter interest in Q4-2024. Based on four key indicators — apartment availability, listing views, apartments saved as favourites, and saved personalized searches — the findings reveal that Winnipeg remained the most sought-after city for renters searching for apartments on the platform. The Manitoba capital is known for attracting a steady influx of workers due to its established manufacturing, agrifood, education, and healthcare sectors, many of whom begin their journey there as renters.

Edmonton came in as Canada’s second-most popular city for renters, followed by Victoria, B.C, and Ottawa. Other notable highlights include:

• Toronto jumped six spots to #14 leveraging its status as Canada’s economic powerhouse. However, sharp declines in saved searches and favourited listings suggest renters in the city are acting quickly due to lack of available supply
• Montréal held steady at #22 with increased listings and rising favourited properties, indicating that apartment hunters were being selective amid winter challenges and recent rent hikes.
• Vancouver slipped two spots to #23 with a recent surge in listings suggesting that renters in this expensive rental market are taking their time before committing to leases.

For a complete breakdown, view the full report here: https://www.rentcafe.com/blog/rental-market/market-snapshots/canada-renter-interest-report/