REMI

The Rental Market

average rents

Average rents declined slightly in November

Average rents for vacant rental units in Canada declined in November 2024, marking a 15-month low, in a sign that affordability is improving.
Quebec City

Quebec City rated “best choice” for renters saving to buy

A recent analysis conducted by Money.ca reveals that Quebec City is the best option for prospective homebuyers looking to rent while saving for a home in Canada.
trending cities

New report reveals Canada’s trending cities

A new report from RentCafe identifies Canada's top trending cities in Q3 2024 from the perspective of current and would-be renters.
ALMA @ Cabbagetown

New PBSA coming to Toronto’s Cabbagetown

Forum Asset Management recently celebrated the ground-breaking of the ALMA @ Cabbagetown, a new student housing building located at 307 Sherbourne Street.
average rents

Canada’s annual rent growth slows to 2%

Average asking rents in Canada rose by 2.1 per cent in September, marking the smallest annual rent growth since October 2021.
Medallion

Overcoming the hurdles of construction

As Medallion Corporation sets out construct six new rental developments in Toronto, Oshawa and Ajax, the road forward hasn’t been easy.
Concordia research

Concordia releases AI-driven rental market research

New AI-driven research from Concordia University, in partnership with Equiton, provides insights into the future of Canadian rentals and housing affordability.
rent growth

Annual rent growth returns to longer-term average

Asking rents for purpose-built and condominium apartments in Canada rose by 4.7 per cent, marking the slowest annual rate of rent growth in nearly three years.
rent growth

Rent growth slows to lowest rate in two years

According to Rentals.ca, the annual rate of rent growth in Canada has slowed to its lowest rate in over 31 months. 
rent growth

Apartment performance down slightly in Q2

Yardi's Q2 2024 Multifamily Report provides a detailed overview of Canada's apartment performance, revealing a slight cooling in the market despite high demand.
average asking rents

Canada’s average asking rent tops $2,200 per month

Average asking rents in Canada increased 9.3 per cent year-over-year in May, reaching a record-high $2,202 per month according to the latest data from Rentals.ca and Urbanation.
rental homes incentives stream

Record-high housing starts bolster supply in GTHA

According to new data from Urbanation, an increase in GTHA housing starts and completions over the past 12 months have led to higher vacancies.

Making a case for micro-unit apartments

As housing affordability and climate concerns continue to reach crisis levels, micro units are emerging as a promising, low-cost solution thanks to innovative design concepts improving interior efficiencies.
real estate

Ontario’s shifting real estate landscape

As we head into Q2-2024, a significant shift in Ontario’s real estate landscape has occurred, putting the rental market front and centre amid declining home sales.
mortgage debt

COVID-19’s impact on housing affordability

CMHC's Mathieu Laberge shares his perspective on housing affordability in Canada since COVID and what can be done to weather these challenging times.
Place Versailles

The push for more purpose-built rental housing

Strong rental demand continued to outpace supply in 2023 resulting in less available purpose-built rental apartments and lower affordability, according to new report from CMHC.
Vancouver boasts all-asset lowest vacancy rates

Vancouver boasts all round lowest vacancy rates

Vancouver enjoys North America’s strongest demand across all asset types, ending 2023 with the lowest vacancy rates for industrial, office, multifamily and retail properties among 63 major urban markets.