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Apartment rent growth slows, vacancy rate rises across most of country

Catalysts include lower immigration levels, higher unemployment among younger Canadians, says Canada's national housing agency
Calgary led Canada with an 8.9% increase in rental costs between October 2023 and October 2024, according to data from the Canada Mortgage and Housing Corp. (Jake Cupit/CoStar)
Calgary led Canada with an 8.9% increase in rental costs between October 2023 and October 2024, according to data from the Canada Mortgage and Housing Corp. (Jake Cupit/CoStar)
CoStar News
December 19, 2024 | 2:07 P.M.

Rent growth is starting to slow and vacancy rates rise in Canada's apartment market in response to reductions in immigration and an increase in the unemployment rate, according to the nation's housing agency.

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