About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, November 29, 2016

Rental vacancy rate flat in October

The vacancy rate for rental apartments in Canada’s larger centres saw little improvement in October, rising to 3.4 per cent from 3.3 per cent a year earlier.

“Since last year, the supply of apartment units in the primary rental market increased more than the number of occupied units, causing the vacancy rate to increase slightly,” noted Anthony Passarelli, Senior Market Analyst at CMHC. “That said, regional trends across the country were considerably different, roughly offsetting one another at the national level.”

CMHC says that Saskatoon was the city where vacancies among purpose built rentals were most abundant (10.3 per cent) followed by St-John’s (9.7 per cent), Edmonton (7.1 per cent), Calgary (7 per cent) and Saguenay (7 per cent).

Renters will struggle to find choice of homes in Victoria and Abbotsford-Mission (0.5 per cent), Kelowna (0.6 per cent) and Vancouver (0.7 per cent).

Average monthly rent for a two-bedroom apartment nationally was $995 in October. Rents for two-bedroom condo apartment rents ranged from $1,033 in Quebec City to $2,029 in Toronto.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)