Soaring Rent and Low Vacancy in Canada's Latest Market Report

The Missing Middle with Mike Moffatt and Cara Stern

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3M ago 23:26

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The Canada Mortgage and Housing Corporation (CMHC) released its annual Rental Market Report last week. With the national vacancy rate hitting a historic low and rent prices on a relentless climb, renters across the nation are feeling the squeeze. In bustling urban centers like Toronto and Vancouver, the role of condominiums as makeshift rental units reveals a housing landscape in flux, with implications that touch everyone from anxious first-time homebuyers to investors looking to capitalize on the market.
In this 23-minute discussion, Smart Prosperity Institute economist Mike Moffatt and journalist Cara Stern discuss vacancy rates, rent averages and what the numbers really tell us.
Other reading:
Rental Market Report - January 2024 (cmhc-schl.gc.ca)
https://www.bankofcanada.ca/wp-content/uploads/2024/01/mpr-2024-01-24.pdf
https://rentals.ca/
https://www.homelesshub.ca/sites/default/files/attachments/Whitzman-Human_Rights_Based_Supply_Report-EN_1.pdf

Hosted by Mike Moffatt & Cara Stern

Produced by Meredith Martin

This podcast is funded by the Neptis Foundation and brought to you by the Smart Prosperity Institute.

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