Canada's 2025 rental market saw rising vacancy rates across major cities due to strong rental construction and softer demand from slower population and economic growth. The national vacancy rate rose to 3.1%, easing rental pressures but affordability remained challenging. Ontario cities like Toronto, Hamilton, London, Ottawa, and Windsor experienced higher vacancies, especially in student-heavy areas, with rents continuing to rise despite increased supply. Economic factors and declining international migration influenced these trends.
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