Canadian Multifamily Report
Q2 2023
Rent growth continues to accelerate in Canada’s apartment market as the economy outperforms expectations and rapid population growth produces demand that exceeds new supply. The average in-place rent increased by $20 in Q2 2023 to an all-time high of $1,431, while new leases not limited by rent control are increasing even more rapidly, according to Yardi. New apartment supply is expanding, but not enough to meet the needs of the record population growth.
Download your FREE resource
By checking this box you expressly consent to Yardi, and/or a Yardi Affiliated Entity, sending you commercial electronic messages about products and/or services provided by Yardi or Yardi’s Affiliated Entities.
We will handle your contact details in line with our Privacy Policy . If you prefer not to receive marketing emails from Yardi, you can opt-out at any time.