Strong rental demand continued to outpace supply in 2023 resulting in less available purpose-built rental apartments and lower affordability, according to new report from CMHC.

Apartment owners in Canada are reaping the rewards of a favourable supply-demand equation, according to Yardi's Q2-2023 multifamily report.

Despite an increase in rental supply, surging demand pushed Canada's vacancy rate for purpose-built rental apartments down to 1.9 per cent in 2022, according to new data from CMHC.