MARKET SNAPSHOT · UPDATED OCTOBER 2026

Ontario Rental Market Dashboard

Vacancy rates, average rents, and multifamily cap rates for the Ontario markets we operate in, plus major comparators. Data sourced from CMHC Housing Market Information Portal, brokerage cap rate reports, and Foundation Capital portfolio comp data.

Where Foundation Capital operates and underwrites deals.

LONDON, ON

CMHC Rental Market Survey Oct 2025 (pub. Dec 11, 2025), RMR data tables Ontario Table 1.1.1: private apartment vacancy rate, total · CMHC Rental Market Survey Oct 2025 (pub. Dec 11, 2025), RMR data tables Ontario Table 1.1.2: private apartment average rent, 2 bedroom · CBRE Canada Cap Rates & Investment Insights Q3 2026 (pub. Oct 21, 2026), London Multifamily High-Rise Class A range; value = midpoint

Derived: weighted avg of CMHC Oct 2025 private apartment vacancy (Table 1.1.1) for London CMA, Chatham-Kent CA, Sarnia CA · Derived: weighted avg of CMHC Oct 2025 private apartment 2BR average rent (Table 1.1.2) for London CMA, Chatham-Kent CA, Sarnia CA · FC portfolio blend

Updated OCTOBER 2026. Click any city for full source notes and Foundation Capital portfolio commentary.

METHODOLOGY

Vacancy rates and average 2-bedroom rents sourced from the CMHC Rental Market Survey, October 2025 (published December 2025). Vacancy reflects purpose-built rental apartments. Average rent reflects 2-bedroom purpose-built units. Multifamily cap rates for major centres sourced from CBRE and Colliers Q1 2026 reports; cap rates for Foundation Capital operating markets reflect FC portfolio transaction data. The Southwestern Ontario rollup is a population-weighted average of London CMA, Chatham-Kent CA, and Sarnia CMA. This information is for informational purposes only and does not constitute investment advice.

Ontario Rental Market Dashboard

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