Housing affordability woes have spilled over to rental market, CMHC report finds

📆 27/01/2023 02:47:00
📰 financialpost

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Rental vacancy rate falls to two-decade low, while rent growth hits new highs

This advertisement has not loaded yet, but your article continues below.Home ownership affordability has really gotten more difficult, and now that’s pushing that pressure to the rental market“Home ownership affordability has really gotten more difficult, and now that’s pushing that pressure to the rental market,” CMHC chief economist Bob Dugan said in an interview.

The overall national turnover rate also declined, to 13.6 per cent in 2022 from 15.5 per cent in 2021.

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Time to revisit modified rent control for condos.

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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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