Record High Vacancy Rate in Seniors’ Residences Amidst Housing Crisis in Canada
While the vacancy rate for rental housing in Canada is 1.5%, a record in itself, one type of housing has space to rent: seniors’ residences. According to a 2021 survey (New window) from the Canada Mortgage and Housing Corporation, the national retirement home vacancy rate is 15.6%, the highest rate is in Alberta at 26.8% … Read more