Canada's rental market in 2026 showed signs of stabilization with a 3.1% vacancy rate and slower immigration, but a sharp decline in apartment starts and increased cancellations in major cities signal a potential rental supply crunch by 2028. Population shifts vary regionally, with declines in British Columbia and Ontario, while Alberta and Nova Scotia see inflows. Landlords report financial challenges despite renter perceptions, and construction slowdowns may impact future supply.
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