Saw this on CTVNews website, and thought it was apropos...
Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001
"Lower vacancy rates and rising rents were a common theme across Canada [-] This caused affordability challenges for renters, especially those in the lower income ranges, with very few units in the market available in their price range."
The [vacancy rate] tightening was stark in [-] Toronto, which dropped from 4.4 per cent to 1.7 per cent.
Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades