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Apartment complexes expected to benefit from Canada's tough condo market

'Purpose-built rental is getting a lot of tailwinds,' PwC partner says
Marcon Developments shifted plans for its 102+Park project in Surrey, British Columbia, to 100% market-rate multifamily rentals. (CoStar)
Marcon Developments shifted plans for its 102+Park project in Surrey, British Columbia, to 100% market-rate multifamily rentals. (CoStar)

Toronto’s purpose-built rental market is slated for another strong year in 2026, largely because of challenges faced by the condo sector that show nary a sign of abating, according to industry veterans and a report from PwC and Urban Land Institute.

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News | Apartment complexes expected to benefit from Canada's tough condo market