Desjardins predicts slower rental price increases in Canada due to lower immigration and unemployment rises.

Desjardins predicts Canadian rental price increases will slow due to reduced immigration and rising unemployment. Rent inflation reached 8.3% in Q3, the highest since the 1980s. The government plans to cut immigration by 20%, reducing demand for rentals. Effects will vary by region, with Ontario and BC likely to see slower increases. The report highlights long-term solutions for housing affordability.

November 14, 2024
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