Job vacancies, second quarter 2026

Job vacancies held steady at 510,200 in the second quarter, following an increase of 13,300 (+2.7%) in the previous quarter. Job vacancies increased by 3,600 (+2.8%) for part-time jobs but were little changed for full-time jobs, and for permanent and temporary positions.

Our take: Flat job vacancy growth signals labour market stabilization, not tightening—this means tenant income confidence stays neutral, and you won't see wage-driven rent pressure building. For apartment investors, this is neither a tailwind nor a red flag; it argues for conservative rent-growth assumptions in 2026.

In your underwriting: Hold rent growth assumptions flat or modest (1–2%) rather than escalating them, and maintain current vacancy buffers without assuming improved tenant quality or lower churn from wage growth.

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