B.C. vacancy rate jumps, demand still outpacing supply: CMHC

OTTAWA — Canada’s overall vacancy rate dropped for a second year in a row, as demand for rental housing grew at a faster pace than supply, according to the Canada Mortgage Housing Corp.
In its annual rental market survey, the housing agency says in 2018, the vacancy rate across the country was 2.4 per cent, down from three per cent in 2017.
CMHC says demand for rental housing grew at a faster pace than supply. It found that the number of occupied units climbed by 2.5 per cent in Octo