Rates

Rent up 3% from last year even as vacancy rates held steady: CMHC

Canadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto, according to the Canada Mortgage and Housing Corp.’s annual rental market report.Apartment towers are seen in Toronto near Keele and Glenlake Rd. in January 2022. Vancouver and the Greater Toronto Area were facing the…

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