Rental market cooling, but vacancy rising signals shifting Canada housing conditions.
New supply met slowing population and income growth, lifting vacancies above 10-yr avg.
RBC expects vacancy >3% in 2026, marking 3rd straight yearly increase.
Asking rents projected ↓ further in 2026, but avg paid may hold.
Temporary resident inflows ↓ in 2025; policy stabilisation by 2028 may steady rents.
