Canada Mortgage and Housing Corporation says rental vacancy rate in 2022 was lowest since 2001. Find out more
released Jan. 26 showed the vacancy rate fell to 1.9 per cent for purpose-built units last year — down from 3.1 per cent in 2021 — and 1.6 per cent for condominium units, down from 1.8 per cent.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
| 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up. Please try againThe agency attributed the tightening of the market to increased immigration, the return to on-campus learning for post-secondary students and higherRents for two-bedroom apartments also jumped significantly, by 5.6 per cent to a national average of $1,258.
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Renters in Canada are facing the toughest market since 2001: CMHC report - National | Globalnews.caThe vacancy rate for purpose-built rental apartments declined to 1.9 per cent last year — the lowest level since 2001, according to the Canada Mortgage and Housing Corporation.
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What the Bank of Canada's latest rate hike means for mortgage holdersCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday.
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What the Bank of Canada's latest rate hike means for mortgage holders - BNN BloombergCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. Here's a look at what the interest rate hike will mean for the mortgage sector.
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Rising Bank of Canada interest rates force difficult mortgage payments on Saskatchewan homes | Globalnews.caThe central bank raised its policy rate to 4.5 per cent on Jan. 25, 2023, an increase of 25 basis points and the highest the Bank of Canada’s key rate has been since 2007.
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Mortgage costs rising: Prime lending rates hit 6.7% after Bank of Canada hike - National | Globalnews.caPrime lending rates at Canada's big six banks rose by 25 basis points after the central bank's eighth consecutive interest rate increase on Wednesday.
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Posthaste: What another Bank of Canada hike would mean to borrowers and the housing marketBank of Canada is expected to raise interest rates again. What does this mean to Canadian borrowers and the housing market. Find out
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