Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001, the
The vacancy rate for such properties sat at 1.9 per cent last year, down from 3.8 per cent a year earlier. Such prices and a stubbornly high inflation rate left many stuck in the rental market, which favoured tenants for much of the pandemic but suddenly tipped toward siding with landlords."Lower vacancy rates and rising rents were a common theme across Canada in 2022," said Bob Dugan, CMHC's chief economist, in a news release.
Montreal's rental market reached 2.3 per cent from 3.7 per cent a year earlier and Calgary's moved from 5.1 per cent to 2.7 per cent, the lowest level seen since 2014. CMHC said higher rent growth was widespread geographically with the sharpest increases seen in Vancouver and Toronto. The average rent for a two-bedroom purpose-built unit in Vancouver was $2,002 and $1,779 in Toronto.
So let's import more immigrants and more illegals at roxham road.
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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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