Apartment vacancies, rent up in Saskatoon

Apartment vacancies, rent up in Saskatoon

Article by David Giles, Global News, December 16, 2014

“SASKATOON – The number of apartment vacancies in Saskatoon is up from the previous year. So too is the price of rent.

In its Fall Rental Market Survey, Canada Mortgage and Housing Corporation (CMHC) says the vacancy rate in October was 3.4 per cent, up 0.7 percentage points from a year ago. One reason, says the agency, is more units on the market.

“Additions to the purpose-built rental apartment universe via new construction and the movement of renter households into homeownership contributed to the higher vacancy rate this fall,” said Goodson Mwale, senior market analyst for Saskatchewan.”

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