WORKING DRAFT 2026 Development Report

MULTI-FAMILY HOUSING

Multi-Family Housing Under Construction

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Multi-Family Housing Vacancy

Trendline

6.0%

Multi-family vacancies rose

slightly from 5.4% in Q4 2025 to 6% in Q1 2026. A year prior, in Q1 2025, vacancy rates were 5.6%. This slight increase in vacancy rates is largely due to new active construction projects filling the rental pipeline.

Source: Colliers

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