Canada's 2025 Mid-Year Rental Market Update shows advertised rents fell 2-8% in major cities like Calgary, Toronto, Vancouver, and Halifax due to increased rental supply supported by federal financing programs. Edmonton, Ottawa, and Montréal saw slower rent growth. Despite higher vacancies and incentives, affordability remains poor, especially in Vancouver and Toronto, with many renters opting for shared or larger units. Vacancy rates are expected to rise further in 2025.
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