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

📆 2023/01/27 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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