Canada's overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp. In its annual rental market survey, the housing agency says that in 2018, the vacancy rate was 2.4 per cent, down from three per cent in 2017. CMHC says demand for rental housing grew at a faster pace than supply. and Manitoba all saw an increase in vacancy rates, while Quebec, Alberta, Saskatchewan and the Atlantic provinces saw declines. Saskatchewan, the province with the highest vacancy rates, saw rents go down slightly, by 0.5 per cent in Regina.

Source: CBC News November 28, 2018 15:00 UTC