Photo: Vladyslava Andriyenko / Unsplash
Still recovering from the effects of the pandemic, Canada’s multi-suite rental market is expected to continue strengthening in the new year.
Morguard Corporation recently released its 2022 Canadian Economic Outlook and Market Fundamentals Report, painting a picture of increased rental demand leading to reduced vacancy rates and higher rents heading into the new year.
“Rental demand will gradually strengthen in 2022, as postsecondary schools and offices continue to open,” said Keith Reading, research director at Morguard. “Additionally, rental demand will increase with the return of international students to the country’s major urban centres.”
Rental demand dropped during the early stages of the pandemic…
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