Canada’s multifamily fundamentals continue to be robust. Rent growth stayed high in Q1 2024 as demand continues to outpace new supply, but the rate of growth is coming down from record levels. Vacancy rates and turnover remain low, a sign of the nation’s housing shortage as new supply is not keeping up with population growth. There is a growing consensus on the need to build more housing, though those efforts are slow to take effect. Download the report to read the full analysis.