RBC Economics warns that unless the pace of rental housing construction accelerates, the current shortage could quadruple by 2026. Read on.
A healthy vacancy rate is three per cent, RBC said.
Zoocasa calculated the monthly mortgage payments versus monthly rent for 21 markets across Canada. It found that owning was cheaper than renting in only two cities, Winnipeg and Quebec City. In Winnipeg, the average monthly rental payment was $1,435, compared with $1,360 for monthly mortgage payments. In Quebec City, rent was $1,355, compared with mortgage payments of $1,300.
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Posthaste: Canada on cusp of rental housing crisis, says RBC, as population growth sets recordRBC Economics warns that unless the pace of rental housing construction accelerates, the current shortage could quadruple by 2026. Read on.
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Canada's rental shortage could quadruple in 4 years: RBCWith high immigration levels and more would-be homebuyers sidelined, Canada needs to ramp up purpose-built rental construction, the report says.
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Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeezeCanada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more
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Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeezeCanada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more
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Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeezeCanada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more
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Posthaste: Canada's housing market seen as 'main casualty' of looming credit squeezeCanada\u0027s housing market could turn even further south if banks are forced to tighten lending. Find out more
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