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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.
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 .
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View original content: https://www.prnewswire.co.uk/news-releases/canadian-multifamily-market-moderating-growth-and-persistent-supply-challenges-302283567.html