Saskatoon Mortgage Broker shares article on rent for Saskatoon apartments

Vacancies down, rent up for Saskatoon apartment

Article by David Giles, Global News, June 11, 2014

“SASKATOON – Apartment hunters in Saskatoon have fewer choices and will have to spend more money renting a two-bedroom apartment according to a new report from Canada Mortgage and Housing Corporation (CMHC).

The Spring Rental Market survey released on Wednesday found the vacancy rate for a two-bedroom apartment had dropped 0.3 percentage points to 3.0 per cent in April when compared to a year ago.

The average rent for new and existing apartments was up 4.4 per cent in the same time period to $1,075.”

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