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Canada's vacancy rate rises amid historically high rental construction
Canada's rental vacancy rate rose to 3.1% in 2025 due to record rental completions and slower population growth, while average rents increased by 5.1%, CMHC reported.
- Canada's housing agency reported that the vacancy rate for rental apartments rose to 3.1% in October 2025, up from 2.2% in 2024, according to Canada Mortgage and Housing Corp. .
- Average rent for a two-bedroom apartment increased by 5.1% to $1,550, although this growth was slower than the 5.4% rise noted in 2024.
- CMHC noted that increased rental supply and lower demand contributed to softer rental market conditions in 2025.
- Despite increased vacancies, affordability remains a challenge, with the supply of affordable units for lower-income households still low.
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Canada's vacancy rate rises amid historically high rental construction
OTTAWA, ON, Dec. 11, 2025 /CNW/ - Vacancy rates for purpose-built rentals rose across major Canadian cities in 2025 as the national rate increased to 3.1%, up from 2.2% in 2024 and above the national 10-year average.
·New York, United States
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Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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