Canada's rental vacancy rate falls to two-decade low

released Jan. 26 showed the vacancy rate fell to 1.9 per cent for purpose-built units last year — down from 3.1 per cent in 2021 — and 1.6 per cent for condominium units, down from 1.8 per cent.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe agency attributed the tightening of the market to increased immigration, the return to on-campus learning for post-secondary students and higherRents for two-bedroom apartments also jumped significantly, by 5.6 per cent to a national average of $1,258.

How do you calculate it. In ottawa alone, the city has been collecting abundant vacant tax on houses. You guys are just hyping to increase rents further as mortgage rates are up

Rents for two-bedroom apartments also jumped significantly … Toronto at $1,779 boasted the highest average rents for such units. —- I live in Toronto and I could only get a 340sqf studio without parking at $1779

Trudeau's upping immig. to an unabsorbable 500k/yr will not just ensure rental crisis continues but guarantees it worsens. This means financial disaster & homelessness for fixed income seniors&other low incomes, & prevents millions of working folk from saving to buy a home. EVIL

I feel bad for renters with the Bank Of Canada continuing to increase interest rates. With the Feds increasing immigration rates and housing demand, its a double edged sword. Soon Canadians will be paying $1500-$2000 for a 1 bedroom.

So where will Trudeau house his hundreds of thousands of immigrants? Oh yeah - TrudeauIsAPsychopath and TrudeauIsDestroyingCanada and doesn't care.

Ford's Conservatives removed rent controls back in 2018. They also reduced minimum wage and took away worker's rights to sick days. Conservative premiers are a huge part of the problem.

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Renters in Canada are facing the toughest market since 2001: CMHC report - National | Globalnews.caThe vacancy rate for purpose-built rental apartments declined to 1.9 per cent last year — the lowest level since 2001, according to the Canada Mortgage and Housing Corporation. Greedy landlords! Just starting, but bring more immigrants problem w'll solved
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What the Bank of Canada's latest rate hike means for mortgage holdersCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. That worse days are ahead, what else? It means people r going to lose they’re houses when they renew if they have a high mortgage, just like in the late 1980’s, so many power of sales, Thank Trudeau for nothing about economy, just give money away and raise taxes The biggest source of inflation in my household has been the increases in my monthly mortgage payments that are 100% a result of Bank of Canada rate hikes. The federal government is my 1 source/cause of inflation. Stop it! And where is all the extra interest collected going?
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What the Bank of Canada's latest rate hike means for mortgage holders - BNN BloombergCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. Here's a look at what the interest rate hike will mean for the mortgage sector.
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Rising Bank of Canada interest rates force difficult mortgage payments on Saskatchewan homes | Globalnews.caThe central bank raised its policy rate to 4.5 per cent on Jan. 25, 2023, an increase of 25 basis points and the highest the Bank of Canada’s key rate has been since 2007.
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Mortgage costs rising: Prime lending rates hit 6.7% after Bank of Canada hike - National | Globalnews.caPrime lending rates at Canada's big six banks rose by 25 basis points after the central bank's eighth consecutive interest rate increase on Wednesday.
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Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out We can’t handle another hike. It’s killing us. Need a reduction! Are the rich affected by hikes. Nope! Tax em.
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