Canadian Multifamily Market: Moderating Growth and Persistent Supply Challenges

Despite a modest economic recovery and a slight decrease in inflation, Canada's apartment market remains tight. Policymakers face ongoing challenges in addressing the housing shortage, with new supply slow to meet growing demand.

Key findings from Q3 2024 Report:

Peter Altobelli, vice president and general manager of Yardi Canada, noted: "The Canadian apartment market remains resilient, but the growing gap between housing demand and supply is shaping rental conditions. Although rent growth has cooled slightly, affordability remains a major issue for renters across the country."

For a deeper analysis of the Q3 data, download the full report here.

About Yardi:

Celebrating 40 years of innovation, Yardi® develops industry-leading software for real estate companies worldwide. With over 9,500 employees, Yardi is dedicated to driving innovation and helping clients succeed in the real estate industry. For more information, visit yardi.com.

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