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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