Canada needs more housing as rent shows percentage growth in double digits

Canada is facing a housing crisis as rent prices across the nation have seen double-digit percentage growth in recent years. According to a report from Zumper, Calgary had the highest rent increase with a 39% increase for one-bedroom apartments. The rate of rent in the US has seen some flattening over the last few months. The influx of immigrants in Canada has meant that home options have thinned out significantly, driving up demand and competition for housing. With high interest rates, many consumers are staying in the rental market for longer, which has lowered vacancy rates and put upward pressure on rent prices. As demand increases, supply keeps

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