That softness extends to tenant behaviour: residents are staying put, with the national average length of stay now at 38 months, up slightly from 37 months in Q2 2025.<\/p>\n
Canada multifamily market snapshot<\/p>\n
Q2 2026 \u2014 Source: Yardi Canadian National Multifamily Report Q3 2026<\/p>\n
National vacancy rate<\/p>\n
4.7%<\/p>\n
\u25bc 40 bps vs Q1 2026<\/p>\n
Avg in-place rent<\/p>\n
$1,774<\/p>\n
+2.2% YoY<\/p>\n
New lease rent growth<\/p>\n
\u22120.6%<\/p>\n
Improved from \u22121.0%<\/p>\n
Avg length of stay<\/p>\n
38 mo<\/p>\n
National average<\/p>\n
\n\t
\n\t\t
\n\t\t\tCity
\n\t\t\tVacancy rate
\n\t\t\tYoY in-place rent
\n\t\t\tNew lease growth
\n\t\t\tAvg in-place rent
\n\t\t\tCondition
\n\t\t
\n\t
\n\t
\n\t\t
\n\t\t\tHalifax
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+5.7%
\n\t\t\t+2.5%
\n\t\t\t\u2014
\n\t\t\tTight
\n\t\t
\n\t\t
\n\t\t\tWinnipeg
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+3.6%
\n\t\t\t+1.3%
\n\t\t\t\u2014
\n\t\t\tTight
\n\t\t
\n\t\t
\n\t\t\tOttawa\u2013Gatineau
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+2.6%
\n\t\t\t+1.5%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tVancouver
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+0.9%
\n\t\t\t\u22122.0%
\n\t\t\t$1,914 (1-bed)
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tLondon
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+2.0%
\n\t\t\t\u22121.4%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tToronto
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+2.0%
\n\t\t\t\u22122.8%
\n\t\t\t$1,788 (1-bed)
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tNational
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+2.2%
\n\t\t\t\u22120.6%
\n\t\t\t$1,774
\n\t\t\tNational avg
\n\t\t
\n\t\t
\n\t\t\tHamilton
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+2.7%
\n\t\t\t+1.3%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tSaskatoon
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+1.4%
\n\t\t\t\u22121.3%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tKCW
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+1.1%
\n\t\t\t\u22124.5%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tMontreal
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+3.4%
\n\t\t\t+0.5%
\n\t\t\t\u2014
\n\t\t\tModerate
\n\t\t
\n\t\t
\n\t\t\tEdmonton
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t+1.5%
\n\t\t\t\u22121.2%
\n\t\t\t$1,359 (1-bed)
\n\t\t\tSoft
\n\t\t
\n\t\t
\n\t\t\tCalgary
\n\t\t\t
\n\t\t\t
\n\t\t\t
\n\t\t\t\u22121.9%
\n\t\t\t\u22122.2%
\n\t\t\t$1,628 (1-bed)
\n\t\t\tSoft
\n\t\t
\n\t
<\/p>\n
Source: Yardi Canadian National Multifamily Report, Q3 2026. Data covers 6,100 properties and 533,000+ rental units. KCW = Kitchener\u2013Cambridge\u2013Waterloo.<\/p>\n
Supply pipeline set to slow<\/p>\n
Apartment starts in 2025 accounted for more than half of all housing starts in Canada, though the pipeline now appears set to slow, with residential building permits declining in several markets.<\/p>\n
In Halifax,\u00a0one of the country’s tightest rental markets,\u00a0building permits fell 9.7% in the first five months of 2026 compared with a year earlier, according to Yardi’s analysis of Statistics Canada data.<\/p>\n
Calgary has delivered approximately 23,000 apartments since the start of 2024, more than it produced in the previous decade, according to Yardi,\u00a0a supply surge that helps explain its elevated vacancy and negative rent growth.<\/p>\n
For brokers working with investor clients, the picture is nuanced. RBC economist Rachel Battaglia has noted that Canada’s rental market is experiencing a period of adjustment after years of unsustainable rent growth, and that while current headwinds will continue pulling vacancies higher in most markets near-term, the correction is not expected to extend far into the future.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"That softness extends to tenant behaviour: residents are staying put, with the national average length of stay now…\n","protected":false},"author":2,"featured_media":819115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,48,287072,287073,287074,44],"class_list":["post-819114","post","type-post","status-publish","format-standard","has-post-thumbnail","category-canada","tag-ca","tag-canada","tag-canada-multifamily-market","tag-canada-rental-market","tag-canada-rental-vacancy","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/819114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=819114"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/819114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/819115"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=819114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=819114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=819114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}