rennie landscape - victoria spring 2024

housing

MAKING DO WITH WHAT YOU HAVE

40.0%

35.0%

37%

30.0%

25.0%

15.7%

20.0%

15.0%

10.0%

5.0%

0.0%

EDMONTON CALGARY

KELOWNA MONTRÉAL VANCOUVER TORONTO VICTORIA

TURNOVER RATE

DIFFERENCE IN RENTS

DATA: PURPOSE-BUILT RENTAL APARTMENT TURNOVER RATES & % DIFFERENCE IN AVERAGE RENTS BETWEEN TURNOVER SUITES AND NON-TURNOVER SUITES, SELECT CMA’S, 2023

SOURCE: CMHC, 2023 RENTAL MARKET REPORT

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