Canada is facing a Rental Housing Crisis, with major cities like Montreal, Vancouver, and Halifax experiencing vacancy rates of 1% or lower. In Toronto, the rate is slightly better at 1.8%, but monthly rents average over $2,260. The housing crisis is particularly affecting newcomers to the country, who are struggling to find affordable housing. The demand for rental housing is predicted to quadruple by 2026, but it is unclear how this can be met. Experts suggest that increased construction of rental housing and policy changes, such as incentivizing property owners to build more housing, could help alleviate the crisis.

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