Canada’s multifamily market maintained its strong performance through the end of 2023, and more of the same is on tap for 2024, given the supply demand dynamics. The national average in-place rent increased 6.5% year-over-year to an all-time high of $1,480, driven by robust increases in new leases. The national vacancy rate dropped to 2.7%, the lowest level in years. With immigration scheduled to continue full bore in coming years, demand for apartments will remain robust. Download the report to see the full details.