Rent inflation to slow in the next few years, Desjardins predicts

A Desjardins report predicts a slowdown in Canadian rental price inflation due to the government's plan to reduce immigration by 20%. Currently, rent inflation is at 8.3%, the highest since the early 1980s. The report suggests that lowering the number of newcomers will decrease demand for rental accommodation, but uncertainty remains regarding the implementation of immigration policies. Rent inflation is expected to ease more in Calgary and Edmonton, while Quebec may still experience elevated rates. Long-term solutions require increased housing supply and affordability measures.

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