Media coverage, announcements and press mentions from across Canada's purpose-built rental industry.
Business in Vancouver
Purpose-built rental pipeline grows sharply in Vancouver, says report
Vancouver’s purpose-built rental pipeline has expanded rapidly, with nearly 20,000 units under construction—far surpassing the previous decade’s total completions. While this surge has eased vacancy rates in the short term, experts warn of a looming supply gap as rising costs and slowing housing starts threaten future development. As the market transitions between cycles, private investors are becoming more active, and rental supply dynamics are expected to shift again in the coming years.
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.
Report on purpose-built rentals in GTA paints dire picture on future housing conditions
A new report highlights a worsening shortage of purpose-built rental housing across the Greater Toronto Area, projecting a deficit of over 235,000 units within the next decade. While recent policy changes and incentives have supported construction, rising development costs, declining rents, and financing challenges are threatening future supply. Industry experts warn that without stronger government action at all levels, rental development could slow significantly, intensifying affordability pressures and reshaping the region’s long-term housing outlook.
Canada’s rental market is entering a period of adjustment in 2025, with increased supply leading to declining advertised rents in major cities like Toronto and Vancouver. However, affordability continues to worsen as turnover rents drive higher overall costs for tenants. Slower migration and weaker job markets are softening demand, while vacancy rates are expected to rise. Despite short-term relief from new supply, sustained rental development remains essential to meet long-term population growth and housing needs.
Business in Vancouver
