Weba peek at the numbers tells us why: According to the cmhc’s 2024 rental market report, 2 the national vacancy rate in 2023 dropped to 1. 5% for apartments in rental buildings. Websince the start of the pandemic in march 2020, rent growth in the suburbs of large metros has been consistently outpacing that of core cities, and the gap is only. Websuburban product with an average effective rent less than the market average makes up more than half of national housing stock among the nation’s top 50. Weblearn how the pandemic and remote work have driven a shift from urban to suburban areas, and how this affects rental investing and property preferences. Webin a surprising turn, suburban chicago has tied miami for the title of the nation’s hottest rental market during the peak season, both boasting an rci score of.
