What Will the Rental Market Look Like in a Year?
Available rental units remained the same in 2021 compared to 2020, and that will likely remain the same for 2022. The key to the rental market may be the decrease in vacancy rates. This is not great for tenants as vacancy rates and rents move in opposite directions, meaning an increase in rents should be expected. The demand for units should remain constant.
CTV News has reported on this topic in-depth. To read it, click here.