Statistics Canada and CMHC’s 2024 Canadian Housing Survey shows renters want more space
New data from Statistics Canada and CMHC’s 2024 Canadian Housing Survey shows renters want more space than they have. The average renter household currently has 1.9 bedrooms but wants 2.6 — a 37% gap.
That gap widens sharply for renters already in unsuitable housing: 1.8 bedrooms on average, versus 3.3 desired. An 84% shortfall.
If your unit mix skews small, this is real demand-side evidence worth checking your acquisitions against. Renters aren’t asking for luxury — they’re asking for room.
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