Canada could experience a rental market boom not seen since the 1970s

Canada could be on the verge of a major rental construction boom, with rising investment in purpose-built rentals across multiple provinces. A new report suggests that policy incentives similar to those used in the 1970s could significantly accelerate development, potentially adding thousands of new units annually. While this growth may ease housing shortages, it could also impact condo demand and pricing. Overall, the shift reflects a broader transition toward rental housing as a key component of Canada’s evolving real estate landscape.