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CRED

Rental Vacancy Rate

(RENT_VACANCY)
Observations
2025: 3.3
Updated: 2026-10-09, 8:49:59 a.m. ET
Units
Percent,
Apartment structures of 6+ units, CMAs, annual
Frequency
Annual
Source
Canada Mortgage and Housing Corporation via Statistics Canada
Series ID
RENT_VACANCY
Table 34-10-0127-01
CREDRental Vacancy Rate
COVID-19 recessionGlobal Financial CrisisEarly 1990s recessionEarly 1980s recession1974 recession11.522.533.544.551971197719831989199520012007201320192025Percent1971-01-01: 3.91972-01-01: 2.71973-01-01: 2.21974-01-01: 1.21975-01-01: 1.21976-01-01: 1.31977-01-01: 2.31978-01-01: 3.21979-01-01: 2.91980-01-01: 2.21981-01-01: 1.21982-01-01: 2.11983-01-01: 2.71984-01-01: 2.21985-01-01: 1.41986-01-01: 1.61987-01-01: 2.51988-01-01: 2.61989-01-01: 2.81990-01-01: 3.31991-01-01: 4.41992-01-01: 4.81993-01-01: 4.81994-01-01: 4.61995-01-01: 4.31996-01-01: 4.31997-01-01: 4.11998-01-01: 3.41999-01-01: 2.62000-01-01: 1.52001-01-01: 1.12002-01-01: 1.72003-01-01: 2.32004-01-01: 2.82005-01-01: 2.82006-01-01: 2.62007-01-01: 2.72008-01-01: 2.22009-01-01: 2.92010-01-01: 2.72011-01-01: 2.22012-01-01: 2.62013-01-01: 2.72014-01-01: 2.72015-01-01: 3.32016-01-01: 3.42017-01-01: 2.72018-01-01: 2.22019-01-01: 2.12020-01-01: 3.42021-01-01: 3.42022-01-01: 1.92023-01-01: 1.62024-01-01: 2.42025-01-01: 3.3
Source: Canada Mortgage and Housing Corporation via Statistics Canada via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).
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Notes

Source: Statistics Canada

Release: Rental Market Survey

Units: Percent, Apartment structures of 6+ units, CMAs, annual

Frequency: Annual

Notes: The share of purpose-built rental apartments sitting vacant across census metropolitan areas, in percent, from the CMHC Rental Market Survey. It is the tightness gauge of the rental market: low vacancy means landlords hold pricing power. Published annually for apartment structures of six or more units.

Suggested Citation: Statistics Canada, Rental Vacancy Rate RENT_VACANCY, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/RENT_VACANCY, October 9, 2026.

Release Tables

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CREDHousing Starts
COVID-19 recession160180200220240260280300320340201620182020202220242026Thousands of units2016-09-01: 215.5562016-10-01: 194.1722016-11-01: 185.7862016-12-01: 202.6932017-01-01: 206.5672017-02-01: 208.6862017-03-01: 245.5622017-04-01: 212.8522017-05-01: 198.4842017-06-01: 209.1112017-07-01: 229.4482017-08-01: 227.2742017-09-01: 218.5662017-10-01: 220.5172017-11-01: 248.3312017-12-01: 214.3092018-01-01: 216.762018-02-01: 229.4322018-03-01: 221.2262018-04-01: 211.9562018-05-01: 196.2462018-06-01: 241.8992018-07-01: 201.5532018-08-01: 197.1162018-09-01: 193.4982018-10-01: 213.7132018-11-01: 224.4652018-12-01: 214.992019-01-01: 200.4842019-02-01: 163.0482019-03-01: 192.5962019-04-01: 229.4172019-05-01: 196.5812019-06-01: 242.6242019-07-01: 219.7242019-08-01: 225.5552019-09-01: 225.8482019-10-01: 204.7532019-11-01: 201.7752019-12-01: 199.5552020-01-01: 200.0822020-02-01: 209.5892020-03-01: 189.1172020-04-01: 161.0042020-05-01: 192.5512020-06-01: 213.1672020-07-01: 244.8512020-08-01: 263.632020-09-01: 214.4762020-10-01: 227.4922020-11-01: 259.9342020-12-01: 240.4212021-01-01: 291.292021-02-01: 260.9222021-03-01: 319.8432021-04-01: 272.3442021-05-01: 283.0922021-06-01: 283.7692021-07-01: 274.4722021-08-01: 259.632021-09-01: 250.7142021-10-01: 236.5882021-11-01: 305.2062021-12-01: 247.1792022-01-01: 229.1252022-02-01: 248.8772022-03-01: 245.692022-04-01: 262.6932022-05-01: 280.9612022-06-01: 273.5652022-07-01: 277.1952022-08-01: 266.5212022-09-01: 294.6152022-10-01: 261.6322022-11-01: 259.5182022-12-01: 252.1152023-01-01: 205.5852023-02-01: 245.4742023-03-01: 212.6352023-04-01: 259.2582023-05-01: 193.7092023-06-01: 282.6572023-07-01: 253.6752023-08-01: 250.8142023-09-01: 268.4512023-10-01: 270.3222023-11-01: 207.5692023-12-01: 253.862024-01-01: 228.5742024-02-01: 263.5392024-03-01: 242.5142024-04-01: 240.3472024-05-01: 258.4562024-06-01: 246.1012024-07-01: 276.4752024-08-01: 215.4212024-09-01: 226.912024-10-01: 243.7322024-11-01: 262.932024-12-01: 232.6392025-01-01: 233.832025-02-01: 222.4482025-03-01: 214.4942025-04-01: 281.8262025-05-01: 278.7012025-06-01: 284.1652025-07-01: 293.8772025-08-01: 244.2942025-09-01: 280.6692025-10-01: 231.2392025-11-01: 253.1912025-12-01: 282.0232026-01-01: 236.7782026-02-01: 248.8312026-03-01: 239.5712026-04-01: 271.8322026-05-01: 254.5972026-06-01: 240.4862026-07-01: 229.362026-08-01: 229.046
Source: Canada Mortgage and Housing Corporation via Statistics Canada via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Housing Starts

CREDBuilding Permits
COVID-19 recession6000000700000080000009000000100000001100000012000000130000001400000015000000201820192020202120222023202420252026Thousands of dollars2018-01-01: 83325842018-02-01: 83521472018-03-01: 84201932018-04-01: 81016012018-05-01: 83548802018-06-01: 84338152018-07-01: 82754012018-08-01: 79121062018-09-01: 81645602018-10-01: 82805142018-11-01: 84615282018-12-01: 86835032019-01-01: 80655322019-02-01: 79160532019-03-01: 84291732019-04-01: 93958242019-05-01: 87316682019-06-01: 82152142019-07-01: 87110962019-08-01: 92627022019-09-01: 84364492019-10-01: 86410902019-11-01: 81173232019-12-01: 89414422020-01-01: 89768552020-02-01: 83222522020-03-01: 71812642020-04-01: 59470942020-05-01: 79088552020-06-01: 80937442020-07-01: 82495882020-08-01: 83096032020-09-01: 99038182020-10-01: 91724362020-11-01: 96056982020-12-01: 93573722021-01-01: 106120482021-02-01: 102652202021-03-01: 107478242021-04-01: 113039982021-05-01: 98120052021-06-01: 99515482021-07-01: 101822142021-08-01: 96874602021-09-01: 105898042021-10-01: 113292192021-11-01: 112336742021-12-01: 116562342022-01-01: 108009792022-02-01: 121463132022-03-01: 115823752022-04-01: 122808982022-05-01: 121361122022-06-01: 117818032022-07-01: 111154982022-08-01: 121373282022-09-01: 100807732022-10-01: 99363892022-11-01: 113963612022-12-01: 112234632023-01-01: 106059592023-02-01: 104469152023-03-01: 119693652023-04-01: 97557442023-05-01: 111181642023-06-01: 133666702023-07-01: 115799062023-08-01: 116581882023-09-01: 116056542023-10-01: 111835482023-11-01: 116241322023-12-01: 98765442024-01-01: 107773972024-02-01: 118477212024-03-01: 110546092024-04-01: 138286362024-05-01: 121308192024-06-01: 109506352024-07-01: 125454902024-08-01: 121582472024-09-01: 133071312024-10-01: 122889132024-11-01: 123865742024-12-01: 131003862025-01-01: 124833792025-02-01: 132131032025-03-01: 124297512025-04-01: 117784762025-05-01: 129636012025-06-01: 121606162025-07-01: 120789012025-08-01: 117200692025-09-01: 121793482025-10-01: 134180792025-11-01: 123341392025-12-01: 127800272026-01-01: 132537622026-02-01: 122239152026-03-01: 134792522026-04-01: 129425442026-05-01: 124720972026-06-01: 147483722026-07-01: 12190901
Source: Statistics Canada, Building Permits Survey via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Building Permits

CREDInvestment in Building Construction
COVID-19 recession120000000001400000000016000000000180000000002000000000022000000000240000000002017201820192020202120222023202420252026Dollars2017-01-01: 137040530202017-02-01: 134751880892017-03-01: 135167469502017-04-01: 136087109162017-05-01: 142072730102017-06-01: 142712677102017-07-01: 140872403062017-08-01: 135668695192017-09-01: 135194795502017-10-01: 139706773492017-11-01: 145136945242017-12-01: 145184102092018-01-01: 145619750902018-02-01: 144052722372018-03-01: 145998725212018-04-01: 148838897562018-05-01: 147071511532018-06-01: 147211024492018-07-01: 146917720862018-08-01: 150196373862018-09-01: 150581099302018-10-01: 148812356742018-11-01: 145317715592018-12-01: 145953818542019-01-01: 146832615612019-02-01: 148964992792019-03-01: 147657008162019-04-01: 147377401892019-05-01: 149683546912019-06-01: 148570909762019-07-01: 148814314802019-08-01: 150914399282019-09-01: 154413686542019-10-01: 154570777192019-11-01: 154202436822019-12-01: 153633513312020-01-01: 153417151862020-02-01: 157074703812020-03-01: 158282158992020-04-01: 116145725222020-05-01: 139303438252020-06-01: 148773971732020-07-01: 153382043362020-08-01: 159293183892020-09-01: 162139566512020-10-01: 163777890152020-11-01: 168967255842020-12-01: 173379645892021-01-01: 178037504922021-02-01: 183991856612021-03-01: 191209595992021-04-01: 201342974632021-05-01: 199661298342021-06-01: 191236650122021-07-01: 186169592832021-08-01: 183126125472021-09-01: 181351718182021-10-01: 183167669742021-11-01: 187441861822021-12-01: 193397362102022-01-01: 198959281862022-02-01: 199223579472022-03-01: 199255784242022-04-01: 204508396682022-05-01: 206982888042022-06-01: 209540035832022-07-01: 212689690292022-08-01: 213756406602022-09-01: 209626250302022-10-01: 206453172442022-11-01: 201567817122022-12-01: 199117651172023-01-01: 200653987682023-02-01: 199438685332023-03-01: 194197541662023-04-01: 196374926692023-05-01: 195982708722023-06-01: 195663208202023-07-01: 198605266512023-08-01: 200910072052023-09-01: 207275311442023-10-01: 212294253142023-11-01: 212612901572023-12-01: 211811181762024-01-01: 212620915562024-02-01: 206252997392024-03-01: 206479911042024-04-01: 203804571732024-05-01: 203593051472024-06-01: 208548828282024-07-01: 208000505622024-08-01: 209333431702024-09-01: 214585510502024-10-01: 212957397042024-11-01: 208110491322024-12-01: 208511773532025-01-01: 213302112702025-02-01: 219251263342025-03-01: 220746630042025-04-01: 218964406892025-05-01: 220733640092025-06-01: 219694540222025-07-01: 218394342712025-08-01: 218104608402025-09-01: 217122821912025-10-01: 216142520092025-11-01: 223982387312025-12-01: 230026196002026-01-01: 228377864492026-02-01: 227314080942026-03-01: 229202993082026-04-01: 235153230182026-05-01: 234614345892026-06-01: 233271997382026-07-01: 23598050403
Source: Statistics Canada, Investment in Building Construction via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Investment in Building Construction

CREDInvestment in Residential Building Construction
COVID-19 recession70000000008000000000900000000010000000000110000000001200000000013000000000140000000001500000000016000000000170000000002017201820192020202120222023202420252026Dollars2017-01-01: 97201110922017-02-01: 94663957712017-03-01: 94826844642017-04-01: 95294031172017-05-01: 100908982552017-06-01: 100785764012017-07-01: 98060687822017-08-01: 92412485492017-09-01: 91373752792017-10-01: 95584193672017-11-01: 100768811962017-12-01: 100442994012018-01-01: 100742334322018-02-01: 98895292872018-03-01: 100643326952018-04-01: 103491886352018-05-01: 101971884252018-06-01: 102044589982018-07-01: 101481745022018-08-01: 104601431302018-09-01: 104614282142018-10-01: 102660688962018-11-01: 99254370572018-12-01: 99680477152019-01-01: 100291778882019-02-01: 102489978872019-03-01: 101300555362019-04-01: 101013188512019-05-01: 102729291922019-06-01: 100497260312019-07-01: 100161749182019-08-01: 101840331262019-09-01: 104829501642019-10-01: 104606172742019-11-01: 103868388062019-12-01: 102998036762020-01-01: 102683459912020-02-01: 106081339062020-03-01: 108758388472020-04-01: 75756846512020-05-01: 90532202802020-06-01: 97861101052020-07-01: 103789112902020-08-01: 110614233992020-09-01: 115754710132020-10-01: 118184237032020-11-01: 123171243182020-12-01: 127602922072021-01-01: 132104646412021-02-01: 137985853402021-03-01: 144896375332021-04-01: 154461320132021-05-01: 152257910072021-06-01: 143509642222021-07-01: 137734940782021-08-01: 133936430452021-09-01: 131666604202021-10-01: 132539130432021-11-01: 136393789282021-12-01: 141729759732022-01-01: 146420720692022-02-01: 146279735172022-03-01: 145124216852022-04-01: 149469908012022-05-01: 151522546702022-06-01: 152452240702022-07-01: 155108029352022-08-01: 156084933482022-09-01: 151213579072022-10-01: 147618232522022-11-01: 142461675602022-12-01: 139778185322023-01-01: 141026593152023-02-01: 139387681282023-03-01: 133750825762023-04-01: 135034471302023-05-01: 135003843382023-06-01: 134597059072023-07-01: 136831894272023-08-01: 138590734392023-09-01: 144103818822023-10-01: 148717784872023-11-01: 148467214492023-12-01: 147313834032024-01-01: 147877012662024-02-01: 141504505972024-03-01: 141246913902024-04-01: 138397027732024-05-01: 137706741192024-06-01: 142198545842024-07-01: 141546577662024-08-01: 142335814242024-09-01: 147843280932024-10-01: 145800521662024-11-01: 140815862912024-12-01: 140868054202025-01-01: 145503788492025-02-01: 151348100902025-03-01: 152236051142025-04-01: 150544081642025-05-01: 152448234262025-06-01: 151650387012025-07-01: 150047259002025-08-01: 149453790262025-09-01: 148323484872025-10-01: 147071366392025-11-01: 154438263202025-12-01: 160199730052026-01-01: 158089021272026-02-01: 156770160992026-03-01: 158468285082026-04-01: 163903349102026-05-01: 163231624282026-06-01: 161994168222026-07-01: 16243369835
Source: Statistics Canada, Investment in Building Construction via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Investment in Residential Building Construction

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