Canada's single-family rental (SFR) households grew nearly 15% from 2016 to 2021, outpacing the 9.4% growth in multifamily rentals. This shift is driven by affordability issues, rising mortgage costs, and lifestyle changes, with solo renters increasing significantly in SFR homes. Ontario and Québec lead this trend, with cities like Markham seeing nearly 70% growth. Many new homes are now rented rather than bought.
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