Thread View: ott.housing
1 messages
1 total messages
Started by Elat Lerner
Tue, 27 Nov 2001 00:42
Average Rental Vacancy Rates October 2001
Author: Elat Lerner
Date: Tue, 27 Nov 2001 00:42
Date: Tue, 27 Nov 2001 00:42
137 lines
7616 bytes
7616 bytes
From
http://www.cmhc-schl.gc.ca/en/News/nere/2001/2001-11-26-0815.cfm:
Average Rental Vacancy Rate Declines to 1.1 Per Cent
OTTAWA - November 26, 2001 - The average rental vacancy rate in Canada's
metropolitan centres fell from 1.6 per cent in October 2000 to 1.1 per cent in
October this year, according to the Rental Market Survey released by Canada
Mortgage and Housing Corporation (CMHC) today. This is the lowest rate since th
survey first included structures of three units and over in 1987.
"Steady job creation in the past few years, high international immigration and
growth in the young adult population caused vacancy rates to go down in many
centres," said Philippe Le Goff, a Senior Economist at CMHC's Market Analysis
Centre.
Seventeen of Canada's 26 major centres have lower vacancy rates than a year ago
The lowest rates were in Victoria (0.5 %), Montreal (0.6 %), Hull (0.6 %), and
Ottawa (0.8 %).
Higher in-migration pushed vacancy rates lower in five of 10 centres in Ontario
Greater rental supply and strong movement towards home ownership caused vacancy
rates to rise in Toronto, Ottawa, Kitchener and Windsor. Thunder Bay has the
highest vacancy rate among Canada's metropolitan areas at 5.8 per cent, followe
by Sudbury at 5.7 per cent.
Five of Quebec's six metropolitan areas had lower vacancy rates, with the
greatest relative decline occurring in Sherbrooke (4.7 to 2.3 %). The
Chicoutimi-Jonquire vacancy rate remained 4.4 per cent.
In the west, Victoria's vacancy rate went from 1.8 to 0.5 per cent in the past
12 months. Rates also fell in Winnipeg, Edmonton, Calgary, and Vancouver but
rose in Regina and Saskatoon. In Atlantic Canada, vacancy rates declined in
Halifax, and St. John's. The vacancy rate in Saint John rose to 5.6 per cent
from 3.4 per cent, the largest increase of all Canadian metropolitan areas.
CMHC's annual rent survey shows the highest average monthly rents for
two-bedroom apartments were still in Toronto ($1,027), Vancouver ($919), and
Ottawa ($914). The lowest average rents were in Trois-Rivires ($419) and
Sherbrooke ($446).
In metropolitan areas, rent increases ranged between 0.2 and 8.7 per cent. The
greatest increase occurred in Edmonton. Calgary posted the second-largest
increase at 5.8 per cent. Rents in Hull, Saint John, Toronto, St. Catharines,
Ottawa, London and St. John's rose more than four per cent.
CMHC's Rental Market Survey is conducted yearly in October, to provide vacancy
rate and rent information on privately initiated structures of three or more
units.
For further information contact:
Philippe Le Goff
CMHC
(613) 748-2933
plegoff@cmhc-schl.gc.ca
Note: Tables of vacancy rates and rents are attached.
For local rental market information, please contact your local CMHC branch.
Vacancy Rates in Apartment Structures of Three Units and Over
Privately Initiated, in Metropolitan Areas
October October October October October
1997 1998 1999 2000 2001
St.John's 16.6 15.4 9.2 3.8 2.5
Halifax 7.7 5.5 3.6 3.6 2.8
Saint John 8.2 7.3 5.2 3.4 5.6
Chicoutimi 4.1 4.8 4.9 4.4 4.4
Hull 9.4 6.7 4.4 1.4 0.6
Montral 5.9 4.7 3.0 1.5 0.6
Qubec 6.6 5.2 3.3 1.6 0.8
Sherbrooke 7.5 7.3 7.6 4.7 2.3
Trois-Rivires 8.6 8.5 7.9 6.8 4.7
Hamilton 3.1 3.2 1.9 1.7 1.3
Kitchener 1.9 1.5 1.0 0.7 0.9
London 5.1 4.5 3.5 2.2 1.6
Oshawa 2.4 2.0 1.7 1.7 1.3
Ottawa 4.2 2.1 0.7 0.2 0.8
St.Catharines 5.4 4.6 3.2 2.6 1.9
Sudbury 7.2 9.4 11.1 7.7 5.7
Thunder Bay 7.7 9.3 7.5 5.8 5.8
Toronto 0.8 0.8 0.9 0.6 0.9
Windsor 4.5 4.3 2.7 1.9 2.9
Calgary 0.5 0.6 2.8 1.3 1.2
Edmonton 4.6 1.9 2.2 1.4 0.9
Regina 1.5 1.7 1.4 1.4 2.1
Saskatoon 0.9 0.8 0.9 1.7 2.9
Winnipeg 5.9 4.0 3.0 2.0 1.4
Vancouver 1.7 2.7 2.7 1.4 1.0
Victoria 3.5 3.8 3.6 1.8 0.5
Total (1) 4.1 3.4 2.6 1.6 1.1
(1) Weighted average of Metropolitan Areas Surveyed.
Weighted Average Rent by Metropolitan Area
Privately Initiated Three Apartment Units and Over
One-Bedroom Two-Bedroom
Oct. 2000 Oct. 2001 Oct. 2000 Oct. 2001
$ $ $ $
St.John's 477 489 552 575
Halifax 539 554 648 673
Saint John 402 406 460 483
Chicoutimi 363 364 438 439
Hull 457 485 544 573
Montral 458 480 509 530
Qubec 459 473 518 538
Sherbrooke 362 366 437 446
Trois-Rivires 349 358 413 419
Hamilton 582 608 719 740
Kitchener 598 615 697 722
London 530 547 657 683
Oshawa 684 692 778 799
Ottawa 723 762 877 914
St.Catharines 545 569 653 680
Sudbury 502 500 619 620
Thunder Bay 527 529 654 657
Toronto 830 866 979 1,027
Windsor 599 618 736 738
Calgary 611 649 740 783
Edmonton 489 537 601 654
Regina 461 476 549 568
Saskatoon 442 460 541 558
Winnipeg 473 476 588 605
Vancouver 695 726 890 919
Victoria 579 592 731 751
--
Donate blood
http://www.bloodservices.ca/Ontario/Ottawa/index.html
Thread Navigation
This is a paginated view of messages in the thread with full content displayed inline.
Messages are displayed in chronological order, with the original post highlighted in green.
Use pagination controls to navigate through all messages in large threads.
Back to All Threads