Canada’s rental unit landscape witnessing a resurgence

The skylines of Canadian cities, long defined by condominiums, are undergoing a quiet transformation as rental housing makes a comeback.

Across Canada’s six biggest cities, rental starts are double their five-year average. In Toronto, there are 21 rental apartment buildings under way, up from 12 two years ago. Official statistics likely under-count the real picture, since many developers still register their projects with local governments as condos even when they plan to build them as rentals.

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Randy Ramadhin

Randy Ramadhin

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CENTURY 21 People's Choice Realty Inc., Brokerage*
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