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Yardi Canadian multifamily report adds new data as vacancy climbs
National vacancy rose to 4.3%, the highest since 2020, while new-lease rent growth slowed to 2.4%. Former leaders such as Calgary saw lease-over-lease rents fall 3.0%, and bachelor unit vacancy reached 6.7%, the highest among all unit types.
For the first time, the report includes five quarters of historical data on and three new expense measures — and These metrics benchmark operating efficiency and cost performance across markets, helping providers understand both demand and expense trends over time.
"Adding expense and stay-length data allows for more comprehensive benchmarking," said Peter Altobelli , vice president and general manager of Yardi Canada. "With slower population growth and shifting market conditions, these insights help housing providers make informed, data-driven decisions."
The full is available now. Access the full report.
Yardi® develops industry-leading software for all types and sizes of real estate companies around the world. With more than 10,000 employees, Yardi is working with our clients to drive significant innovation in the real estate industry. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.
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