2009-06-10
12:13:13
The city's apartment vacancy rate is remaining relatively stable -- the latest report from Canada Mortgage and Housing says the vacancy rate in April was four percent -- down ever so slightly from 4.3-percent in April of '08.
The federal agency also reports the average rent for a two bedroom apartment has increased to 643-dollars a month in April compared to 604-dollars in April of last year.
By comparison -- the average rent for a two bedroom apartment in Vancouver is 1154-dollars a month -- the highest in the country.
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