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Renters seeing more options as Canada's apartment vacancy rate rises to 3.1%

Government-backed programs aimed at expanding housing options accelerate construction of purpose-built rental units
This 21-storey office tower on Sherbrooke Street West in downtown Montreal is being converted to an apartment complex. (CoStar)
This 21-storey office tower on Sherbrooke Street West in downtown Montreal is being converted to an apartment complex. (CoStar)

Canada’s housing crisis has begun to ease as the national apartment vacancy rate has increased to 3.1%, above the threshold that the Canada Mortgage and Housing Corporation says indicates high demand and tighter markets.

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