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2025 Mid-Year Rental Market Update

25-07-08, 4:00 p.m.

Mid-year snapshot of Canada’s rental market showing rising vacancies, older-unit rent catch-up, and shifting landlord/tenant dynamics.

The CMHC report for mid-2025 highlights that rents in older buildings are narrowing the gap with newer supply, tenant turnover is beginning to increase after low churn years, and vacancy rates are expected to climb further as supply grows and population-demand moderates. These trends impact landlords (longer vacancy risk), tenants (more choice but affordability pressure) and vendors servicing properties. Read more: https://www.cmhc-schl.gc.ca/observer/2025/2025-mid-year-rental-market-update

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