What cities? How do you define vacancy? Is a 2nd home vacant? Is an airbnb vacant? How were these vacancies counted and who collects the data? Can you compare vacancy rates from the past to the present? Did they use same methodology to collect vacancy rates?

Exactly! I live in a major city and there are vacancies everywhere. It’s especially frustrating to see how many houses that sell sit empty for like a year or more before the speculators manage to flip them into a short term rental or whatever.