Canada's Rental Paradox: Record Supply Meets Rising Costs as Interest Rates Loom

Canada's apartment construction boom is finally bearing fruit, with 122,295 purpose-built rental units breaking ground in 2025 — a staggering jump from 35,176 just a decade ago. For the first time in years, real estate executives at the Canadian Apartment Investment Conference are debating whether the country might be building too many apartments, a welcome reversal from the chronic shortage that kept vacancy rates at a tight 1.5% in 2023. This supply wave, driven by...