CoStar sees Canada multifamily vacancy easing from H2 2027 as absorption tops deliveries

• CoStar forecast sees Canada’s multifamily vacancy rate starting to decline in 2H 2027 as absorption outpaces moderating new supply.
• National vacancy rose to 4.75% from about 2% in 2022 as deliveries averaged 8,000 units per quarter since 2023.
• Affordable units remain tight, with low-end vacancy at 3%.
• High-end vacancy climbed to about 15% from about 7% in 2022 as recent deliveries skewed upscale.
• Absorption expected to begin rising in late 2026, driven by pent-up demand and falling rents despite a declining population.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608311610BIZWIRE_USPR_____20260831_BW180999) on August 31, 2026, and is solely responsible for the information contained therein.