Real Estate features 6 December 2025

CMHC Data: Niagara Rental Market Shifting

The CMHC Symposium charts show an interesting shift in Niagara’s rental landscape. Page 7 indicates that advertised rents in St. Catharines–Niagara fell by 4.9% year-over-year, reflecting cooling rental demand.

One major contributor is increased supply. Page 8 shows 16 purpose-built rental units per 10,000 population currently under construction in the region—significantly more than prior years.

At the same time, the region is experiencing a significant decline in international students, down 25.8% year-over-year (page 10). This reduces rental pressure, particularly in St. Catharines where post-secondary populations play a key role in demand.

For investors, this means future rent growth may moderate. For renters, it may bring greater choice and stability. Understanding these dynamics helps set realistic expectations around rent, investment returns, and vacancy conditions.