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Sunday, June 23, 2013

Apartment Vacancy Rate Increases - So Does Average Rent

Saint John is posting the highest apartment vacancy rate in the country according to a survey from Canada Mortgage and Housing. 

The survey shows the city's vacancy rate at 10.4-percent at the end of April compared to Edmonton and Calgary where the vacancy rate is 1.2-percent - the lowest in Canada.

As far as average rents are concerned - we appear to be in the middle with an average monthly rent of 703-dollars for a two bedroom apartment.

Vancouver is the most expensive with a two bedroom going for 1255-dollars a month while Saguenay in Quebec posted the lowest average at 560-dollars a month.