Guest: Waldo Marcus - Head of Marketing at TPN Credit Bureau

The survey attributes the increase in vacancies to delayed inventory coming onto the market coupled with high rates of vacancies in rental stock with lower price points. All indications are that the residential rental market will be able to absorb the available supply of rental properties.

However, the increased cost of living is expected to weigh on the lower end of the market with high vacancy levels expected to continue. Vacancy rates tend to vary from province to province depending on factors such as semigration, property prices and job opportunities.