Official measures have placed Montreal\u2019s overall rental vacancy rate at 1.9%, considerably below the 2.8% seen last year.<\/p>\n
Scarcity is even more acute in apartments offering three bedrooms or more, with a vacancy rate of just around 0.8%.<\/p>\n
These numbers continue the trend of rental market tightness in Canada\u2019s largest markets. An estimated 31,000 homes across Canada were used for Airbnb rental so frequently in 2018 that they have become essentially unavailable for long-term rentals, according to new research by McGill University.<\/p>\n
This sum is sufficient to accommodate everyone in North Vancouver, the researchers noted. This is also equivalent to approximately 1.5% of Canada\u2019s purpose-built rental housing.<\/p>\n
Montreal, together with Toronto and Vancouver, accounted for 40% of the aforementioned 31,000 homes, and represented nearly half of Canada\u2019s average daily listings last year.<\/p>\n
These significant limitations in supply have proven to be major market influences. As much as 130 households still needed places to move to as of July 1.<\/p>\n
\u201cPeople who don\u2019t have a good income have no place to go because there\u2019s just no affordable housing in Montreal right now,\u201d Front d\u2019action populaire en r\u00e9am\u00e9nagement urbain (FRAPRU) spokesperson V\u00e9ronique Laflamme told Global News<\/em><\/p>\n Making matters worse is tenant discrimination, with some property owners making their rent-out decisions based on family size, Laflamme noted.<\/p>\n \u201cA lot of landlords don\u2019t want to rent to people with kids.\u201d<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Official measures have placed Montreal\u2019s overall rental vacancy rate at 1.9%, considerably below the 2.8% seen last year. Scarcity is even more acute in apartments offering three bedrooms or more, with a vacancy rate of just around 0.8%. These numbers continue the trend of rental market tightness in Canada\u2019s largest markets. An estimated 31,000 homes […]<\/p>\n","protected":false},"author":5,"featured_media":21643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8391"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=8391"}],"version-history":[{"count":1,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8391\/revisions"}],"predecessor-version":[{"id":21986,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/8391\/revisions\/21986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/21643"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=8391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=8391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=8391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}