The graph below represents the vacancy rates of rental condo apartments in major Canadian cities for the year of 2020 and 2021. Please note that these numbers reflects the effect COVID-19 had on rental vacancies.

Vacancy data is an important indicator for the difficulty of securing a rental unit, as well as the leverage a tenant has on negotiating the cost of the rental unit.

This data has been extracted from the Canadian Rental Market Report which was published in February 2022.