Tuesday, December 22, 2009

GTA Toronto Apartment Vacancy Rate CMHC


This is the latest information from CMHC on apartment vacancy rates in the GTA




Highlights


􀂄 The average apartment vacancy rate in the GTA increased to 3.1 per cent in 2009.


The average fixed sample rent for a two-bedroom apartment rose by 2.1 per cent.


􀂄 Renter demand moderated due to improved homeownership affordability and a soft youth labour market.


􀂄 The vacancy rate will edge up to 3.3 per cent next year as improvements in renter demand will be outweighed by a rise in rental supply.



I hope this finds you Happy and Healthy!


All the Best!


Mark


A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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