Quote:
Originally Posted by opendoor
If it's a lack of housing units, then why has Canada's rental price growth lagged virtually the entire OECD over the last 20 years? Look at the gap between 2005 and 2020 in Canada vs. the rest of the OECD:
Basically the only countries with less growth over that period are ones with stagnant or declining populations (Japan, Germany, Italy, etc.) |
You're likely a bit sheltered from it living in Calgary, that saw a post-oil crash glut of rentals, but the majority of the country has been suffering an affordable rental crisis for quite some time, that dramatically worsened this year:
https://rentals.ca/national-rent-report