Canada Mortgage and Housing reports the apartment vacancy rate here in the city was sitting at 4-percent in April -- down from 4.6-percent in the same month last year.
The federal housing agency also says the average rent for a two bedroom apartment was 653-dollars in April -- an increase of 9-dollars from the same period a year ago.
Moncton is reporting similar decreases in its apartment vacancy rate while rents in the hub city are also on the increase.
