10/08/2026
Canada’s population just grew by over 301,000 more people than previously reported, so what does this mean for our real estate market? 🇨🇦📊
Population estimates were updated in Q2 2026, erasing two previously reported quarters of decline and revealing steady growth, driven mostly by new non-permanent residents. Despite more people, average asking rents across Canada actually dropped by 4.8% year-over-year in August to $2,035, and are down 7.6% from their 2024 peak. That might seem surprising at first, but the reason isn’t slowing demand, it’s that the supply of new rental properties surged, pushing vacancy rates higher, especially at the top end of the market.
When supply outpaces even strong population growth, renters benefit with more choices and better prices. For anyone interested in commercial or luxury residential properties, understanding how these supply-and-demand shifts impact investment decisions and value is essential. 🏢🏠
Have you noticed these trends in your own neighbourhood or building? Let’s talk about how these shifts could affect your next real estate move.
Cotte Developments
https://www.cottedevelopment.com/
Royal Lepage Our Neighbourhood Realty Inc. Brokerage