Rental construction is starting to boom again, but it won’t be enough to satisfy big-city demand.
After decades in the doldrums, rental housing construction is starting to pick up again in Canada.
Statistics Canada data shows an increase in the number of purpose-built rental (PBR) units under construction in urban regions, where the demand for rental housing has been high.
The increase in PBR construction is led by the Montreal Census Metropolitan Area (CMA), where the share of renter households is the highest among the major cities in Canada. The Vancouver CMA follows Montreal with the second largest number of PBR starts.