--- title: "The Apartment Boom: fourth" description: Draft image: https://al.avenuelivingam.com/hubfs/ALAM-26-NewsletterTemplate-Images6.png --- [![AvenueLiving](https://al.avenuelivingam.com/hubfs/raw_assets/public/AvenueLiving_November2023/Images/headerlogoavenue.svg "AvenueLiving")](https://www.avenuelivingam.com/) [![AvenueLiving](https://al.avenuelivingam.com/hubfs/raw_assets/public/AvenueLiving_November2023/Images/avenue-colorlogo.svg "AvenueLiving")](https://www.avenuelivingam.com/) - [Funds](https://avenuelivingam.com/funds/core-trust/) - [Core Trust](https://www.avenuelivingam.com/funds/core-trust/) - [Opportunity Trust](https://www.avenuelivingam.com/funds/opportunity-trust/) - [Farmland](https://www.avenuelivingam.com/funds/farmland/) - [Mini Mall Storage Properties Trust](https://www.avenuelivingam.com/funds/mini-mall-trust/) - [Team](https://www.avenuelivingam.com/our-team/) - [Careers](https://www.avenuelivingam.com/careers/) - [Resources](https://www.avenuelivingam.com/insights/) - [Responsibility](https://www.avenuelivingam.com/responsibility/) - [Environment](https://www.avenuelivingam.com/environment/) - [Social](https://www.avenuelivingam.com/social-impact/) - [Governance](https://www.avenuelivingam.com/governance/) - [About](https://www.avenuelivingam.com/about/) - [Contact](https://www.avenuelivingam.com/contact/) Investor Portal [Exempt Edge Investor Portal](https://avenuelivingam.exemptedge.com/login) [Avenue Living Investor Portal](https://investor.avenuelivingam.com/) [How to Invest](https://www.avenuelivingam.com/how-to-invest/) × - Funds - [Core Trust](https://www.avenuelivingam.com/funds/core-trust/) - [Opportunity Trust](https://www.avenuelivingam.com/funds/opportunity-trust/) - [Farmland](https://www.avenuelivingam.com/funds/farmland/) - [Mini Mall Storage Properties Trust](https://www.avenuelivingam.com/funds/mini-mall-trust/) - Team - [Team](https://www.avenuelivingam.com/our-team/) - [Careers](https://www.avenuelivingam.com/careers/) - [Resources](https://www.avenuelivingam.com/insights/) - Responsibility - [Responsibility](https://www.avenuelivingam.com/responsibility/) - [Environment](https://www.avenuelivingam.com/environment/) - [Social Impact](https://www.avenuelivingam.com/social-impact/) - [Governance](https://www.avenuelivingam.com/governance/) - [About](https://www.avenuelivingam.com/about/) - [Contact](https://www.avenuelivingam.com/contact/) - [Investor Portal](https://avenuelivingam.exemptedge.com/login) - [How to Invest](https://www.avenuelivingam.com/how-to-invest/) [< Back to Resources](https://www.avenuelivingam.com/insights/) The Edge Video Series ## The Apartment Boom: fourth ![](https://al.avenuelivingam.com/hubfs/The_Edge.webp) ▶ ✕ ###### By Kenny Alejandro Rios Avila ###### Published February 05, 2026  |   5 min watch 02/05/2026 New multi-family supply is dominating the housing conversation across Canada. Towers are rising, cranes are everywhere, and delivery numbers continue to climb. But the most important question is not how much supply is being built. It is who that supply is actually built for. Because not all rental housing serves the same renter. And not all demand competes equally with new construction. | Key Takeaways | | --- | | 1. Canada’s rental market is highly segmented, with new multi-family supply concentrated in higher income segments rather than serving the full renter spectrum. 2. Workforce renters, representing roughly 40 percent of renter households, remain underserved and largely priced out of new construction. 3. Supply pressure is not evenly distributed. Vacancy and leasing challenges are emerging first in higher-priced, amenity-rich product. 4. Redevelopment-driven supply continues to remove older, more affordable units, reinforcing structural demand for workforce-oriented housing. 5. In a segmented market, housing that serves needs-based demand has historically demonstrated greater stability across cycles. | ![gabe](https://al.avenuelivingam.com/hubfs/gabe.jpg) ### Gabriel Millard, Managing Partner – Equity Capital Markets Mr. Millard joined Avenue Living in 2018 and has held several leadership roles, most recently leading the firm’s equity capital markets platform. He has helped raise over $2 billion in growth capital and brings more than a decade of private markets experience. He is a frequent speaker and a 2024 Top 40 Under 40 award recipient.   #### Share: - [Follow us on Linkedin](http://www.linkedin.com/shareArticle?mini=true&url=https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-4) - [Email this article](mailto:?body=https%3A%2F%2Fal.avenuelivingam.com%2Fthe-edge%2Fthe-apartment-boom-whos-actually-moving-in-4) - [Follow us on Facebook](http://www.facebook.com/share.php?u=https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-4) ## Watch More --- #### [The Apartment Boom: third](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-3) [>](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-3) #### [The Apartment Boom: second](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-2) [>](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-2) ## Related Content --- #### [The Apartment Boom: third](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-3) New multi-family supply is dominating the housing conversation across Canada. Towers are rising,… [>](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-3) #### [The Apartment Boom: second](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-2) New multi-family supply is dominating the housing conversation across Canada. Towers are rising,… [>](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in-2) #### [The Apartment Boom: first](https://al.avenuelivingam.com/the-edge/the-apartment-boom-whos-actually-moving-in) New multi-family supply is dominating the housing conversation across Canada. 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