Government-sponsored immigration exacerbated a severe housing shortage in Canada in 2022, leading to the lowest apartment vacancy levels in more than 20 years and a record rent surge for purpose-built rentals that was the highest since 1990.

A new report from the Canada Mortgage and Housing Corp.—Canada’s federal housing agency—said last year’s surging demand for purpose-built rentals produced the lowest vacancy rate since 2001, leaving few options as they searched for a place to live.

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