SEE WHAT IS CHANGING BEHIND THE NUMBERS.
Compare the cost of a newly available rental with the 10-to-20-year shifts changing where and what Canada builds. Use the trends to evaluate a city, property type or future supply.
If you may rent between homes, compare the rent on newly available units, not only the average paid by all tenants.
| CMA | 2022 | 2023 | 2024 | 2025 | 2025 vacancy |
|---|---|---|---|---|---|
| Vancouver | $2,325 | $2,601 | $2,883 | $2,696 | 3.7 % |
| Toronto | $2,110 | $2,405 | $2,612 | $2,547 | 3.0 % |
| Ottawa | $1,829 | $1,903 | $2,118 | $2,155 | 3.1 % |
| Halifax | $1,762 | $1,705 | $2,116 | $2,058 | 2.6 % |
| Calgary | $1,486 | $1,771 | $1,927 | $1,836 | 4.9 % |
| Montréal | $1,235 | $1,310 | $1,407 | $1,644 | 2.9 % |
| Edmonton | $1,297 | $1,400 | $1,560 | $1,600 | 3.8 % |
See how the construction mix changed over 20 years, and why the type of new supply matters as much as the total.
| Year | Total | Single + semi | Row | Apartments |
|---|---|---|---|---|
| 2005 | 225,481 | 133,940 | 22,134 | 69,407 |
| 2025 | 259,028 | 63,759 | 25,250 | 170,019 |
Compare each city with its own 10-year norm to separate a local building surge from a large city simply building more homes.
| CMA | Apt. 2025 | Apt. avg. | Apt. change | Ground 2025 | Ground avg. | Ground change |
|---|---|---|---|---|---|---|
| Vancouver | 21,844 | 20,108 | +9 % | 5,341 | 6,749 | -21 % |
| Calgary | 14,821 | 7,044 | +110 % | 12,777 | 8,633 | +48 % |
| Edmonton | 10,151 | 4,887 | +108 % | 11,186 | 8,491 | +32 % |
| Montréal | 25,223 | 19,979 | +26 % | 2,554 | 3,723 | -31 % |
| Ottawa | 7,299 | 3,957 | +84 % | 3,565 | 4,772 | -25 % |
| Toronto | 18,986 | 26,856 | -29 % | 7,101 | 11,760 | -40 % |
| Halifax | 5,643 | 2,708 | +108 % | 1,357 | 1,131 | +20 % |
A four-unit building and a 300-unit tower each count as one structure. Check unit starts and completions before judging future supply.
| Year | 3–5 units | 100+ units |
|---|---|---|
| 2005 | 1.5 % | 40.3 % |
| 2010 | 2.1 % | 46.4 % |
| 2015 | 1.9 % | 34.0 % |
| 2020 | 2.9 % | 63.5 % |
| 2024 | 20.4 % | 43.7 % |
| 2025 | 53.1 % | 28.7 % |
Rental construction can add future rental competition without creating equivalent resale-condo supply.
| Year | Rental | Condominium |
|---|---|---|
| 2010 | 2,472 | 10,457 |
| 2011 | 2,281 | 12,681 |
| 2012 | 2,272 | 11,881 |
| 2013 | 2,337 | 8,805 |
| 2014 | 3,495 | 10,516 |
| 2015 | 6,928 | 7,860 |
| 2016 | 6,704 | 6,764 |
| 2017 | 10,302 | 9,463 |
| 2018 | 11,380 | 8,880 |
| 2019 | 13,036 | 7,436 |
| 2020 | 15,711 | 6,789 |
| 2021 | 19,900 | 7,254 |
| 2022 | 14,375 | 6,198 |
| 2023 | 9,635 | 3,842 |
| 2024 | 13,813 | 1,869 |
| 2025 | 23,089 | 2,027 |
Use the regional pattern as context, then compare the exact project, transit access and neighbourhood.
| Year | Rental | Condominium |
|---|---|---|
| 2014 | 13.26 km | 15.01 km |
| 2015 | 16.32 km | 14.05 km |
| 2016 | 11.15 km | 9.28 km |
| 2017 | 14.97 km | 14.11 km |
| 2018 | 12.43 km | 12.77 km |
| 2019 | 13.31 km | 13.77 km |
| 2020 | 14.91 km | 15.79 km |
| 2021 | 14.90 km | 15.23 km |
| 2022 | 15.98 km | 13.89 km |
| 2023 | 12.61 km | 18.86 km |
| 2024 | 11.71 km | 19.14 km |
| 2025 | 14.26 km | 20.59 km |
Open View exact data below any chart to compare the values and visit the official source. Metropolitan data describes a whole region; your neighbourhood or property can follow a different path.
Adapted from Canada Mortgage and Housing Corporation, Spring 2026 Housing Supply Report, 2025. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product.Adapted from Canada Mortgage and Housing Corporation, Starts and Completions Survey and Rental Market Survey, June 2026 and 2025 reference periods. This does not constitute an endorsement by Canada Mortgage and Housing Corporation of this product.