Migration Trends Boost Affordability in Canada’s Major Cities

Canada's rental market is adjusting after years of growth, with immigration declines in most provinces, especially Ontario, Alberta, and British Columbia. Population growth slowed to 0.1% due to stricter immigration policies. Rents dropped in major cities like Toronto and Calgary, but interprovincial migration boosted demand in regions like Alberta and the Atlantic provinces, keeping rents steady or rising there. Supply constraints and migration shifts may cause ongoing volatility.