Canadian Markets
According to a new report by Canada Mortgage and Housing Corporation (CMHC), the country's rental market tightened last year amid strong demand.
- The vacancy rate for rentals in Canada is currently at 1.9%, a two-decade low, and down from 3.1% in 2021.
- Rent
prices are at an all-time high. Rent for new tenants in two-bedroom
units soared 18.3% in 2022, compared to a 2.9% increase for non-turnover
units.
- High demand and low supply are pushing rental prices
up and, as a result, low-income renters are being squeezed out of the
rental market, said CMHC chief economist Bob Dugan.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
