Multifamily national report for Canada Q2 2025

Canada’s rental market is shifting. While fundamentals remain healthy, vacancy has climbed to its highest level in five years, signalling a new phase of moderation. Rent growth is slowing, immigration levels are tightening and economic uncertainty is clouding long-term demand. The latest Canadian National Multifamily Report from Yardi breaks down what this means for housing providers across the country — from softening lease-over-lease trends to regional vacancy spikes and the growing use of tenant incentives. Explore the full report to uncover market-by-market insights and see what’s ahead as the rental landscape continues to evolve.