Canada’s rental apartment market experienced its lowest vacancy on record in 2023, accompanied by sharply rising rents. Since then, a significant increase in new supply has helped to ease market conditions for renters.
Lack of jobs for young people poses another threat to Canada’s apartment market
Apartment vacancy could reach highest level since the 1990s
By Carl Gomez
CoStar Analytics
May 14, 2025 | 8:25 P.M.
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