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Special Report

Canada Multifamily National Report

3Q 2025

Rental Market Sees Second Year
of Adjustment Amid Population Slowdown

As Canada’s population growth slows with the departure of temporary residents, the multifamily sector is undergoing a rebalancing. Weaker resident gains are easing demand pressures, while supply growth in both the primary and secondary rental markets remains elevated. As a result, the vacancy rate is expected to rise for a second consecutive year. Rent pressures are also easing across Canada, with property owners increasingly offering move-in incentives.

Analysis of demographic and macroeconomic trends affecting Canada’s apartment demand and supply
Snapshots of seven major markets across Canada
Overview of investment and capital markets landscape

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