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Canadian multifamily market report

Quarterly insights on rent growth, vacancy, turnover and digital demand across major Canadian CMAs, built from anonymized, aggregated multifamily performance data.

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Built for real-world decisions

Average vacancy rate (Canada)

(Based on 2-bedroom, latest in report)

4.5%
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Average in-place rent (Canada)

(Based on 2-bedroom, latest in report)

$1,746
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Annual expenses / unit (Canada)

Full-year 2025 (Jan–Dec)

$8,004
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What's inside the report

  • Lease-over-lease rent growth (new leases): Monthly rent change vs the prior lease for the same unit
  • In-place rent per unit: Average monthly rent across all leases
  • Vacancy percent: Share of units vacant (monthly average)
  • Turnover %: Move-outs as a share of total units
  • Digital prospect conversion %: Digital prospects who become residents
  • Digital prospects per 100 units: Monthly digital prospects, normalized to 100 units
  • Average resident length of stay: Average months of residency for move-outs
  • Repairs & maintenance(R&M) per unit: Average annual R&M cost per unit
  • Controllable expense per unit: Average annual controllable operating costs per unit
  • Expense per unit: Average annual total operating costs per unit
  • CMA: Census Metropolitan Area

As seen in…

Real coverage, real takeaways. Here are a few places that have shared the Canadian multifamily market report.

Connect CRE Canada

Industry lens on the trends

Connect CRE Canada

Open site

RENX

Canadian real state coverage

RENX

Open site

RHBTV

Real estate and housing market insights

RHBTV

Open site

inSauga

Local angle local impact

inSauga

Open site
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