Canada is facing a shortage of rental housing that will leave the market short by 120,000 homes by 2026, according to predictions by Royal Bank of Canada (RBC).
The bank said it estimated that Canada’s rental housing market is already facing a shortage of about 25,000 to 30,000 units, and said Canada would need to add 332,000 more units to rental stock to achieve a balanced market with rent stability by 2026.
