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Douglas Todd: Why Vancouver house prices became so out of whack

Douglas Todd: Why Vancouver house prices became so out of whack
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Rent prices rose in 2023: CMHC

Canada saw lowest vacancy rate since 1988: CMHC

Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC

The average rent for a two-bedroom purpose-built apartment grew 8% to $1,359 in 2023, while the average rent for a two-bedroom rental condo was $2,049

Rent prices soared in 2023 as Canada saw lowest vacancy rate on record

Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.

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