Canada Mortgage And Housing Corporation Vacancy Rates

Canada Mortgage and Housing Corporation: Rental Market Insights

Annual Rental Market Survey

The Canada Mortgage and Housing Corporation (CMHC) conducts an annual Rental Market Survey to provide comprehensive insights into the rental housing market across Canada. This survey collects data on key metrics such as vacancy rates, average rents, and median rents for various types of rental housing, including apartment structures of six units and over privately initiated in the census.

Key Findings

The latest Rental Market Survey results reveal the following key findings:

Vacancy rates: Vacancy rates for apartment structures of six units and over privately initiated in the census have remained relatively stable in recent years. However, there is regional variation, with some provinces and major centers experiencing higher or lower vacancy rates than others.

Average rents: Average rents for apartment structures of six units and over privately initiated in the census have been steadily increasing in most provinces and major centers. This trend is likely due to factors such as strong demand for rental housing and rising construction costs.

Median rents: Median rents for apartment structures of six units and over privately initiated in the census have also been on the rise. This indicates that the majority of renters are paying higher rents than the average.

Data Availability

The CMHC Rental Market Survey data is available on the CMHC website. This data can be used to track trends in the rental market, make informed decisions about rental property investments, and develop policies to address the challenges facing the rental market.