Rental Trends, Immigration Impact, and Canadian Real Estate Outlook for 2025
Multifamily Real Estate Insights Podcast
The Real Estate Multifamily Insights Podcast is your trusted source for news, strategies, expert interviews, and actionable tips to grow your wealth through multifamily real estate, in Canada and beyond. Hosted by seasoned investor Sandy Mackay.
Sandy MacKay

Rental Trends, Immigration Impact, and Canadian Real Estate Outlook for 2025

E198 • Nov 16, 2025 • 8 mins

In this episode, Sandy MacKay kicks off with an introduction and an overview of current market trends. The discussion highlights the decline in national average asking rent and the surge in new multifamily units. Sandy examines the impact of reduced immigration and escalating trade tensions on rental demand. Expert insights are shared on the current housing slump and the potential for market rebalancing. The episode also covers Morgan Properties' recent acquisition and its significance for the Canadian real estate sector. Sandy concludes with CBRE's outlook for the Canadian real estate market in 2025, offering a forward-looking perspective.

Key Points

  • The Canadian multifamily real estate market is experiencing downward pressure on rental prices due to a significant increase in new supply and weaker demand driven by reduced immigration and fewer temporary residents.
  • The acquisition of Dream Residential Real Estate Investment Trust by Morgan Properties highlights the growing interest of U.S. investors in Canadian multifamily assets and underscores the strategic expansion of international investment in the market.
  • Despite near-term uncertainties, the long-term outlook for the Canadian multifamily sector remains strong, with expectations of increased investment activity and a rebalancing of vacancy rates in major urban centers.
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