cmhc fall rental report available now…..

 

 

 

 

 

 

Some highlights:

 

„„Ontario vacancy rate rises to 2.5 per cent from 2.2 per cent in October 2011.

„„Fixed sample 2-bed apartment rents grew at a rate of 2.7 per cent in the fall of 2012 – outpacing growth in 2011.

„„Notable factors exerting upward pressure on vacancy rates include: weak employment growth particularly for 15-24 age group, declining in-migration, increased rental completions.

„„Notable factors exerting downward pressure on vacancy rates include: less first time buyer demand and improving employment conditions for residents aged 25-34.

 

Full report here:

 

cmhc fall report