The vacancy rate for renters in Saint John is going up, in large part, because the population isn't increasing. The vacancy rate in Saint John is at 8.4 per cent.
Claude Gautreau of Canada Mortgage and Housing calls that a bit high with the ideal being between 4 and 5 per cent, although renters may disagree because a higher vacancy rate is better for consumers.
The average rent for a two bedroom apartment in Saint John is 696 dollars which is below the provincial average. Fredericton has the lowest vacancy rate in the province at 3.8 percent with Moncton at 5 percent.
The average rent for a two bedroom apartment in Fredericton is $755. In Moncton, it's $721.
Moncton is the fastest growing city in the province.
