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Thursday, December 13, 2012

City Posts Highest Apartment Vacancy Rate In Nation


It's a mixed blessing if you are in the market for a new apartment - Canada Mortgage and Housing says the city led the nation in October with the highest apartment vacancy rate coming in at 9.7-percent - up four percent from the same month last year.
And while that means more choice for apartment hunters - you can expect to pay more when you find one - C-M-H-C says the average rent for a two bedroom in the city has jumped 20-bucks to 691-dollars a month.
Moncton had the third highest vacancy rate in the country while Regina had the lowest.