The Canadian Property Bubble Is Pushing Rents Higher As More Apartments Sit Empty

Author: External Author | Categories: Mortgage Agent , Mortgage Services

One of Canada’s frothiest market indicators surfaced — rents are rising with vacancies. Canada Mortgage and Housing Corporation (CMHC) data from their 2020 rental survey shows a sharp uptick in vacancies. Normally this is expected to bring prices down, but not in a property bubble. Rental prices continue to rise along with increasing vacancies. In some cases, multi-decade highs for rental vacancies are seeing price growth accelerate.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Stephen Punwasi

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