1/ National rents are in free fall.
Average asking rent fell 4.8% nationally to $2,088 in February – the 5th straight month of declines.
— Shazi (@ShaziGoalie) March 20, 2025
3/ Toronto & Vancouver are no longer safe bets.
🔷 Rents for studios dropped 5-6% in both cities.
🔷 Over 20,000 new condos will hit Toronto’s market in 2025. Many won’t even cover mortgage payments.
— Shazi (@ShaziGoalie) March 20, 2025
5/ Vacancy rates are surging.
🔷 Toronto: 2.5% now → 3.4% expected in 2026
🔷 Vancouver: 1.6% now → 3.4% expected by 2027
🔷 Even cities with ultra-low vacancy for years are now struggling to fill units.
— Shazi (@ShaziGoalie) March 20, 2025
8/ The end of ultra-low rental supply?
🔷 Even in high-demand cities, landlords are losing pricing power.
🔷 More supply, more vacancies, and falling rents spell trouble for speculators.
— Shazi (@ShaziGoalie) March 20, 2025