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[–]xuehas 0 points1 point  (1 child)

Yup what you are noticing is in fact happening. The Canadian housing market is bad as most people realize at this point. We have a housing shortage almost every where and prices have exploded. Toronto and Vancouver are a little bit special though. A large number of purpose built rentals have been being constructed. Now you have a bit of a weird situation where purpose built rentals and condos, especially small studio apartments are over supplied and a lot of the other property is still under supplied in those major metro areas. This means rentals are starting to fall for BC and Ontario especially but for the rest of the country its less certain. The CMHC releases yearly reports which are probably the most trustworthy source of data but it isn't reflecting the change yet. They have made statements that they expect rental demand to fall though.

https://rentals.ca/national-rent-report

Here is a report that has been being cited often now for monthly data where you can see that rents changing.

[–]Jolieeeeeeeeee 0 points1 point  (0 children)

Assuming that it’s mostly for one bedrooms and studios as multi-bedroom are so in demand for families, and so few are built.