The Myth of 1.3 Million Vacant Investor Homes in Canada

Nite · #1 Posted **Jan 17, 2022, 9:25 PM**

The Myth of 1.3 Million Vacant Investor Homes in Canada

C. · #2 Posted **Jan 17, 2022, 9:36 PM**

People are delusional if they think there is anywhere near that many vacant units.

Having a rental vacancy rate of 5-7% is considered healthy as there are apartment units available and people can move around. I believe Toronto is sub 4 percent and is falling rapidly.

WhipperSnapper · #3 Posted **Jan 17, 2022, 10:14 PM**

Toronto went most of the 1980s and 1990s with 0 to 1% rental vacancy. LOL @ 7%. Developers would never let it happen.

There are upwards of a couple hundred thousand off market units in Toronto that would do wonders to turn the city in to a renters market however brief it would be (or lead to an absolute economic collapse) They exist everywhere however, people tend to assume they exist in urban condo villages. You are more likely to find a unit in a nondescript SFH suburb.