rental

Canadian Rental Supply Can’t Keep Up With Demand

Rental housing supply across the nation surged in 2022 but demand outpaced growth – leading to skyrocketing prices, record-low vacancy rates and less mobility. Approximately 55,000 purpose-built rental units hit the market between October 2021 and October 2022 – the strongest rate of increase since 2013. However, those extra units did very little to flesh out available rental supply, as vacancy...

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