TSX:MPCT.DB - Post by User
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EstevanOutsideron Nov 22, 2024 5:52am
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Post# 36325373
Canada's condo vacancy lowest since 1988 at 1.5%
Canada's condo vacancy lowest since 1988 at 1.5%"Canada Mortgage and Housing Corporation (CMHC) reported earlier this year that the country’s 1.5% vacancy rate is the lowest on record since tracking began in 1988." "While construction is slowly picking up, especially for purpose-built rental projects incentivized by tax rebates and fee waivers, it’s far from meeting the demand..."
https://www.mpamag.com/ca/news/general/condo-vacancy-rates-hit-new-low-developers-pivot-to-bigger-units/513356