Surging demand leads to tightening of Canada's rental markets
(Full table in Report Highlights)
- (Full table in Report Highlights)
In 2022, rental condominiums accounted for 19.3% of the total stock of rental units across centres. - Strong demand in the Montreal rental market pushed the vacancy rate down from 3.7% in 2021 to 2.3% in 2022.
- A strong economic rebound and record migration flows in Edmonton contributed to rental demand outpacing new rental supply in 2022.
- Record high supply growth has helped alleviate rental market tightness, while rising demand has accelerated rent increases in the Victoria rental market.