Rent moves with different forces than the ownership market: vacancy rate, new purpose-built rental supply and a building's age and amenities matter more than the seasonal patterns that move resale prices. A neighbourhood near the University of Saskatchewan or a hospital tends to hold steadier rental demand than one further from major employers.
For someone deciding between renting and buying, the more useful comparison is not a single rent number against the benchmark price, it is what a specific unit costs against what a mortgage payment on a comparable purchase would run, including a minimum down payment of $22,235.
If you already own and are weighing a move into a rental, or you are comparing renting to buying for the first time, the number that actually matters is specific to the address, not a citywide average nobody has verified. Get your hand-reviewed valuation from Joel Dyck.