Vacancy reaches five-year high in Canada's rental market
TORONTO, July 23, 2025 /CNW/ -- Yardi® Canada has released its latest Canadian National Multifamily Report for Q3 2025, analyzing market activity during Q2 2025. Drawing on anonymized data from over 511,000 units across 5,800 properties, the report highlights a key shift in the market: rising vacancy rates and slowing rent growth.
The national vacancy rate climbed to 4.1%, the highest level recorded since 2020. Major Census Metropolitan Areas (CMAs) including Calgary (7.4%), Toronto (4.2%) and Edmonton (4.6%) saw the steepest increases. Slower population growth, a pullback in immigration and rising supply are all contributing factors.
Although rental demand has weakened, in-place rents — which reflect all current leases including renewals — continued to rise modestly, increasing by just $14 nationally to $1,720 in Q2 2025. Year-over-year rent growth slowed to 4.8%, down from 6.3% the previous quarter.
New this quarter Yardi has introduced a new metric — Average Resident Length of Stay — which measures the average number of months tenants remain in a unit before vacating. Tenants stay longest in supply-constrained CMAs such as Toronto (47 months) and Hamilton (45 months).
Lease-over-lease rent growth, which measures rent changes for newly signed leases, declined to 2.8%, its lowest point since Yardi began tracking the metric in 2020.
"Vacancy is rising, and the market is entering a new chapter," said Peter Altobelli, vice president and general manager of Yardi Canada. "With shifting demographics, economic uncertainty and growing supply, housing providers must rethink how they forecast, invest and operate. The path forward demands sharper insight, faster adaptation and a renewed focus on long-term resilience."
The national turnover rate remained low at 23.4%, despite modest increases in some regions. In response to rising vacancy, some landlords are offering rent concessions such as free rent periods and move-in incentives.
To view the full Q3 2025 report and explore regional insights, visit: https://www.yardi.com/cndmultifamilyreport
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
28 minutes ago
- Globe and Mail
Asia Pacific Firms Use Google Cloud to Modernize, Innovate
Enterprises in Asia Pacific are adopting Google Cloud solutions to remain competitive by modernizing complex IT infrastructure and making better use of data, according to a new research report published today by Information Services Group ( ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. The 2025 ISG Provider Lens ® Google Cloud Partner Ecosystem report for Asia Pacific finds that companies in the region are transforming their digital infrastructures through cloud migration and data innovation. While keeping up with rapidly evolving technologies, enterprises in Asia Pacific are also under growing pressure to control costs, making it imperative that they maximize their return on cloud investments. Google Cloud's focus on addressing these challenges positions it as a preferred partner in the region. 'Companies in Asia Pacific need to move data and workloads from legacy systems to modern, scalable platforms for future agility,' said Michael Gale, partner and regional leader, ISG Asia Pacific. 'Many are turning to Google and its provider partners for the tools and services they need for that transition.' Demand for cloud services is rising quickly in Asia Pacific, accelerated by the need for better flexibility and operational performance, the report says. Companies need effective, reliable cloud solutions to support a growing number of applications, including business intelligence and customer relationship management. Cloud adoption varies widely with differing levels of digital maturity in the region. Established markets such as Australia and New Zealand lead in advanced cloud solutions, while companies in emerging markets are rapidly integrating cloud services. In Southeast Asia, some governments are encouraging the trend with initiatives to promote digital economies. Generative AI is also gaining traction among enterprises in the region as companies begin to see it as essential for improved operational efficiency and customer engagement, ISG says. Enterprises are exploring GenAI applications including chatbots, predictive analytics and workflow automation. Google Cloud's AI and ML tools, such as Vertex AI, are becoming integral to these efforts. The rise of AI in Asia Pacific is also increasing demand for managed services to deploy and run AI solutions. Many enterprises in Asia Pacific are adopting hybrid cloud and multicloud strategies to balance flexibility, scalability and control by combining on-premises and public cloud resources, the report says. They are turning to service providers offering comprehensive support for these strategies, including tools such as Google Anthos for workload management across clouds. The rising importance of advanced analytics and data visualization in the region also is driving adoption of Google Cloud solutions, ISG says. Companies are seeking real-time analytics backed by a focus on data quality and governance. 'Enterprises in Asia Pacific are recognizing that their data needs to be accurate, accessible and compliant with data protection laws,' said Sonam Chawla, lead analyst, ISG Provider Lens Research, and lead author of the report. 'Solutions that support these strategic objectives help to create trust among companies and their partners.' The report also examines other trends in the Asia Pacific Google Cloud ecosystem, including growing demand for AI-enabled supply chain management and the rising need for data localization and security to comply with national laws. For more insights into Google Cloud-related challenges facing enterprises in Asia Pacific, plus ISG's advice for addressing them, see the ISG Provider Lens ® Focal Points briefing here. The 2025 ISG Provider Lens ® Google Cloud Partner Ecosystem report for Asia Pacific evaluates the capabilities of 32 providers across four quadrants: Google Cloud Professional Services (Consulting and Migration), Google Cloud Managed Services, Google Cloud Enterprise Data Infrastructure Services and Google Cloud GenAI and AI Services. The report names Accenture, Capgemini, Cognizant, HCLTech, Infosys, Persistent Systems, TCS and Wipro as Leaders in all four quadrants. It names Tech Mahindra as a Leader in two quadrants and DXC Technology, LTIMindtree, Mantel Group and Quantiphi as Leaders in one quadrant each. In addition, NTT DATA is named as a Rising Stars — a company with a 'promising portfolio' and 'high future potential' by ISG's definition — in two quadrants. Cloud4C and Searce are named as Rising Stars in one quadrant each. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2025 among Google Cloud Partners Ecosystem providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. The 2025 ISG Provider Lens ® Google Cloud Partner Ecosystem report for Asia Pacific is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens ® Research The ISG Provider Lens ® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
Globe and Mail
an hour ago
- Globe and Mail
Kiwetinohk announces upcoming second quarter 2025 earnings release
CALGARY, AB , July 24, 2025 /CNW/ - Kiwetinohk Energy Corp. (TSX: KEC) management will host a conference call on July 31, 2025 , at 8 AM MT ( 10 AM ET ) to discuss second quarter 2025 results and answer questions. Participants can listen to the conference call by dialing 1-888-510-2154 ( North America toll free) or 437-900-0527 ( Toronto and area). A replay of the call will be available until August 7, 2025 , at 1-888-660-6345 ( North America toll free) or 646-517-4150 ( Toronto and area) by using the code 92805. About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate from profitable early to mid-life liquids-rich natural gas properties focused in the Montney and Duvernay formations in Alberta, Canada . Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available on Kiwetinohk's website at and SEDAR+ at For more information on Kiwetinohk, please contact: Investor Relations Investor Relations email: IR@ Investor Relations phone: (587) 392-4395 Pat Carlson , Chief Executive Officer Jakub Brogowski, Chief Financial Officer
Cision Canada
an hour ago
- Cision Canada
Prime Minister Carney and Inuit leadership meet as the Inuit-Crown Partnership Committee
INUVIK, NT, July 24, 2025 /CNW/ - Today, the Prime Minister, Mark Carney, the President of Inuit Tapiriit Kanatami, Natan Obed, federal Cabinet ministers, and elected Inuit leadership from the Inuvialuit Regional Corporation, Nunavut Tunngavik Incorporated, Makivvik, and the Nunatsiavut Government gathered for a meeting of the Inuit-Crown Partnership Committee (ICPC) in Inuvik, Northwest Territories. Since the signing of the Inuit Nunangat Declaration in 2017, the Government of Canada and Inuit leaders have continued to meet three times annually and work together through the ICPC to advance shared priorities, strengthen the Inuit-Crown partnership, and create a more prosperous Inuit Nunangat. During today's meeting, the leaders discussed the Building Canada Act and how to implement it effectively and consistently with Inuit Modern Treaties and in partnership with Inuit. In addition to the Building Canada Act, federal and Inuit leaders discussed the infrastructure needs in Inuit Nunangat, Canada's Arctic Foreign Policy, and the need to further protect the security and sovereignty of the Arctic and Inuit Nunangat. They also addressed other urgent priorities, including health and social issues such as housing in Inuit Nunangat. The leaders underscored opportunities to build together to address these challenges and deliver meaningful economic prosperity. In Inuvik, the Prime Minister announced the appointment of Virginia Mearns as Canada's Arctic Ambassador, effective September 15, 2025. The Ambassador's mandate will focus on reinforcing Canada's Arctic engagement with like-minded partners and multilateral forums, bolstering Arctic sovereignty, and advancing opportunities for security and growth. Inuit leaders and the federal government reaffirmed their shared commitment to working together on priorities through the ICPC. Quotes "Today's Inuit-Crown Partnership Committee meeting was about building our shared future and Inuit Nunangat's full economic potential. In partnership, Inuit and the federal government will build major projects that connect and transform our economy, create greater prosperity and opportunities, and build a stronger Canada." — The Rt. Hon. Mark Carney, Prime Minister of Canada "Now in its ninth year, the Inuit-Crown Partnership Committee remains an essential tool for advancing shared priorities. This includes increasing investment in Inuit Nunangat through implementation of the Building Canada Act in a way that is consistent with Inuit treaties and in partnership with Inuit. We welcome the opportunity to continue this important work with Mark Carney, to strengthen our partnership and build lasting prosperity for Inuit in Inuit Nunangat and across Canada. We also celebrate today's announcement of Virginia Mearns as Canada's Arctic Ambassador, a position that was developed through the ICPC." — Natan Obed, President of Inuit Tapiriit Kanatami "In order to build stronger, healthier communities and a thriving economy, we must work together. For that reason, projects that move forward in Inuit Nunangat will do so in partnership with Inuit. We're committed to engaging, listening, and working with local communities and Inuit leadership to ensure their priorities and perspectives are reflected in the work ahead. Today's meeting is an important step forward in making sure the Building Canada Act supports a better future for Inuit across Inuit Nunangat." — The Hon. Rebecca Alty, Minister of Crown-Indigenous Relations "Canada will build major projects in true partnership with Inuit, and we'll be guided by equity, inclusion, and shared prosperity. Through consultation and collaboration, Inuit voices are shaping the future of infrastructure, sovereignty, and economic opportunity across Inuit Nunangat." — The Hon. Rebecca Chartrand, Minister of Northern and Arctic Affairs and Minister responsible for the Canadian Northern Economic Development Agency "Canada is an Arctic nation, and we are at a critical moment, when it is imperative that we safeguard our sovereignty and defend our Arctic interests. Serving as Canada's senior Arctic official, Ambassador Mearns will advance Canada's polar interests in multilateral forums, engage with counterparts in Arctic and non-Arctic states, and serve as a representative in our diplomatic corps." — The Hon. Anita Anand, Minister of Foreign Affairs Quick facts Inuit Nunangat is the Inuit homeland in Canada. It encompasses the land, water, and ice of four treaty regions represented by the Inuvialuit Settlement Region of the Northwest Territories, Nunavut, Nunavik in Northern Québec, and Nunatsiavut in Northern Labrador. The Building Canada Act ensures consultation with Inuit and other Indigenous Peoples is built into the implementation process for determining whether a project is in the national interest and for the development of the conditions for permits and authorizations. The Building Canada Act ensures respect for treaty rights, including modern treaties with Inuit Treaty Organizations. It does not alter processes established under modern treaties or the Government of Canada's modern treaty obligations. It also respects treaty-based environmental assessment processes. Canada's new Arctic Ambassador, Virginia Mearns, is a respected Inuit leader with a long-standing commitment to advancing Inuit self-determination and community well-being in Nunavut. She currently serves as Senior Director of Inuit Relations at the Qikiqtani Inuit Association and has held senior roles in the Government of Nunavut and with Nunavut Tunngavik Inc. An active member of her community, she was awarded the King Charles III Coronation Medal for her exceptional contributions. Since the signing of the Inuit Nunangat Declaration in 2017, Inuit leadership and the Government of Canada have continued to work together through the ICPC toward a renewed Inuit-Crown relationship based on the recognition of rights, respect, and co-operation. The Inuit Nunangat Policy promotes Inuit self-determination and supports community and individual well-being throughout Inuit Nunangat, with the goal of achieving socio-economic equity between Inuit and all other people living in Canada. It provides a minimum standard for what can be expected from the relationship between Inuit and all federal departments and agencies, and includes guidance to federal departments and agencies on how to deliver programs, policies, and services in Inuit Nunangat. This document is also available at
