Canada's apartment rental vacancy rate hit a record low nationwide in 2023 as rents rose an average of almost 25% across the country when units got new tenants, an increase that led many to stay put.
Canadians Face Record Low Apartment Vacancy Rate, Keeping Tenants in Place
Higher Rents Limit Moving Options
By Garry Marr
CoStar News
February 1, 2024 | 5:06 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Companies
- Canada Mortgage & Housing Corporation - CMHC
Public Administration
- BMO
Finance and Insurance