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Stronger demand than supply supported growth in average rents for most bedroom count units. The fixed sample average rent for the benchmark two-bedroom apartments increased 4.9% this year, much higher than the Ontario rent increase guideline of 1.8% for 2019, and slightly higher than last year’s increase of 4.2%.
Jan 28, 2021 · Average vacancy rate for purpose-built rental apartments increased to 3.2% in 2020 from 1.9% in 2019. Highest vacancy rate was recorded in the downtown core, the area that commands some of the higher rents. Fixed-sample average rent for two-bedroom units increased by 2.5% down from 7.4% in 2019.
in Primary Market, Increased in Secondary Market The overall size of the primary rental market universe was similar to last year. Fewer apartments in Zone 1- Downtown Core and Zone 4 - Central were roughly offset by an increase in Zone 8 - Burlington. The secondary rental market expanded due to a greater number of condominium apartments offered
rental market. According to the October 2019 survey, there were 25,896 condominium apartment units in the secondary rental market, representing 37.6% of the total condominium apartment universe, an increase from 35.3% last year. The secondary rental market has seen both supply and demand grow faster than in the purpose-built rental market.
rental increased by 10.2% (7,137 units) as investor-owners increased their involvement in the long-term condominium rental market. Vacancy rates increase on higher supply, lower demand After six consecutive years with vacancy rates close to 1%, the rental market loosened in the Vancouver Census Metropolitan Area (CMA) in 2020. The overall vacancy
THE RENTAL MARKET REPORT. provides in-depth analysis for major centres across Canada. This report is released annually and uses data from CMHC’s Rental Market Survey and Condominium Apartment Survey. This analysis provides insights on trends and conditions in Canada’s primary and select secondary rental markets.
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THE RENTAL MARKET REPORTS provide in-depth analysis for major centres across . Canada. These reports use data from the fall Rental . Market Survey results released annually. This analysis will provide insights on the primary and secondary rental markets, a review of rents and vacancy rates relative to socio-economic and demographic trends
