Canadian Multifamily Report
Canada’s multifamily market rode optimal conditions led by strong demand to a stellar fourth quarter. The question for 2023 is whether performance will stand up to the expected deceleration in economic growth. Fundamental measures of apartment performance including rent growth, vacancy rates and lease turnover all steadily improved in Q4 2022 to multi-year highs. Rent growth on new leases across Canada averaged 11.9% in the quarter. Download the report to read more!
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