cmhc vacancy rates 2020

CMHC Survey: National vacancy rate increased in 2020 Français OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% … The COVID-19 pandemic has impacted renter households and rental markets across Canada. The survey is based on purpose-built structures with three or more rental units in urban areas with populations of more than 10,000. Report writer and CMHC analyst Kelvin Ndoro tells The Coast there's no perfect vacancy rate, but that the long-term historical average in Halifax is 3.8 percent. "The economic impact of the pandemic has significantly reduced rental demand. Vacancy Rate Vacancy Rate Vacancy Rate Vacancy Rate *CMHC collects data on the primary and secondary rental market annually, in the fall. Vacancy Rates. We also survey the secondary rental condominium apartment market in major centres. Highly anticipated by politicians and planners, lenders, and real-estate professionals and owners, the report focuses on the state of the rental apartment market by area in the region. Figure 1: Vancouver Starts. This comes after six consecutive years of the regional vacancy rate hovering at 1% — well under the healthy vacancy rate range of between 3% and 5%. The overall vacancy . The national average two-bedroom rent across CMAs increased by 3.6% to $1,165. Significant vacancy rate increases throughout region, with some decreases. Further details on Canada's rental markets can be viewed in the 2020 comprehensive report and associated data tables. Apr. This could also have made it harder to find rental accommodations and contributed to increased demand in outlying areas, as indicated in the current rental market survey. Rental Market Report Kingston CMA Date Released 2020 2 ... pressure on this year’s vacancy rates. Jan. Feb. Mar. Edmonton's rents could be on the rise in 2020 as vacancy rates are expected to fall, according to a new report. CMHC Housing Research Scholarship Program; CMHC Housing Research Awards; Housing Supply Challenge. CMHC speaks. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2. The table type is Simple. This table displays the results of Canada Mortgage and Housing Corporation, vacancy rates, apartment structures of six units and over, privately initiated in urban centres of 50,000 and over. Next year promises to be a year of rising vacancy rates and less construction for Greater Victoria. The average vacancy rate in Halifax increased in 2020 for the first time in five years, but experts say it's more indicative of the effects of the pandemic than any long-term solutions to the city's housing crisis. "The economic impact of the pandemic has significantly reduced rental demand. Lesson 3, Topic 2. Read: GTA Vacancy Rate Rose Over 3% in 2020, Reaching 14-Year High Nationally, CMHC says 32.5% of apartment owners reported their arrears rate to have remained similar to 2019, 58.3% said it was higher, and almost 10% found it was lower. Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units; Ontario: 3.2: a ** 1,347: a : 1,278: a : 4.9: a : 703,962: Arnprior: 1.3: d ** 840: a : 850: a ++ 579: Barrie: 2.3: b ** 1,346: a : 1,360: a : 6.7: c : 4,220: Belleville: 2.9: a ** 1,120: a : 1,100: a : 5.8: c : 6,139: Bracebridge T: 2.5: c ** 1,099: b : 1,100: b ++ 320: Brantford: 2.0: b ** 1,129: a : 1,100: a : 6.8: b : 5,475: Brighton MU: 0.7: a … Based on a new report from Canada Mortgage and Housing Corporation (CMHC), the apartment vacancy rate in Calgary’s metropolitan area grew to 6.6% in October 2020.. Jan. Feb. Mar. CMHC Survey: National vacancy rate increased in 2020 January 29, 2021 Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in 2020 for all bedroom types, accor. It's been steadily declining since 2015, hitting a record low of one per cent in 2019. “The vacancy rate for purpose-built rental apartments in Canada’s CMAs increased in 2020,” said Bob Dugan, CMHC’s chief economist. In Progress ← Previous. From 0.8% in 2018 to 1.0% in 2019. CMHC releases 2020 rental market and rent arrears data. The survey also revealed that vacancy rates for Canada’s three largest metropolitan areas, Toronto, Montréal and Vancouver, rose to 3.4%, 2.7% and 2.6, respectively, as these cities were faced with higher supply and lower demand amid the pandemic. When typing in this field, a list of search results will appear and be automatically updated as you type. The rollercoaster of a year that was 2020 concluded with rental apartment vacancy rates in Toronto hitting a record high in the fourth quarter. CMHC says the fairly drastic change in the 2020 rate is a reflection of the increase in housing supply. CMHC's report showed the vacancy rates for Canada's three largest metropolitan areas, Toronto, Montreal and Vancouver, rose to 3.4 per cent, 2.7 per cent and 2.6 per cent respectively, as … For apartment structures with rental arrears, 32.5% report their arrears rate to have remained similar to 2019, 58.3% reported a higher arrears rate and 9.2% report arrears are lower compared to 2019. Goodman Report. July 11, 2020. Apr. The content of the site is general in nature and is not intended as a substitute for professional advice when making significant financial decisions. The national average two-bedroom condominium apartment rent increased to. “The vacancy rate for purpose-built rental apartments in Canada’s CMAs increased in 2020,” said Bob Dugan, CMHC’s chief economist. New purpose-built rental buildings are facing the highest vacancies rates as overall vacancies for multi-family rentals in 2020 posted the highest increase in more than 20 years, according to Canada Mortgage and Housing Corp’s (CMHC) annual rental report. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in 2020 for all bedroom types, according to Canada Mortgage and Housing Corporation's (CMHC) Rental Market Survey (RMS) released today. "The vacancy rate for purpose-built rental apartments in Canada's CMAs increased in 2020," said Bob Dugan, CMHC's chief economist. Goodman Report. The vacancy rate tells us how many rental units at one time are sitting empty in a certain market (AKA Halifax in the month of October 2020). In Progress. According to the CMHC, Halifax’s rental vacancy rate jumped to 1.9 percent in 2020, while the average rent rose 4.1 percent, to $1,170 a month. "The vacancy rate for purpose-built rental apartments in Canada's CMAs increased in 2020," said Bob Dugan, CMHC's chief economist. Apartment vacancy rates moved upwards in bachelor, one- and three or more bedroom units with the highest upwards New this year, the survey also included rent arrears data resulting from the … Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. Rental Market Report Kingston CMA Date Released 2020 3 Demand for rental accommodations remained stable and strong The vacancy rate increased across all Kingston submarkets albeit for different reasons. We collect information on the number of condominium apartment units being rented out, vacancy rates and rents. They offer housing professionals, researchers and renters detailed rental market data at the national, provincial and local levels. Montréal's (2.7%) vacancy rate increased. SOURCE Canada Mortgage and Housing Corporation, Plus500. SOURCE Canada Mortgage and Housing Corporation, For further information: Angelina Ritacco, CMHC Media Relations, 416-218-3320, [email protected]. CMHC makes considerable effort to ensure that the information and analysis on this site is reliable, but cannot guarantee that it is accurate or complete. Kingston’s vacancy rate has more than tripled to 1.9 per cent for 2019, according to this year’s Canada Mortgage and Housing Corporation (CMHC) rental market report. City of Vancouver’s vacancy rate increases for first time since 2016. The 2019 CMHC Rental Market Report for Metro Vancouver was released today. Winnipeg’s vacancy rate remained stable The results of CMHC’s Rental Market Survey show that the apartment vacancy rate1 in the Winnipeg Census Metropolitan Area (CMA) was 3.1% in October 2019 compared to 2.9% in October 2018. The 2020 CMHC Rental Market Report for Metro Vancouver has just been released. Save. Thu Jan 28, 2021 10:00am EST . The 2020 CMHC Rental Market Report for Metro Vancouver has just been released. This affordability barrier could also be linked to an increase in interest in rentals in outlying suburban markets, such as Abbotsford and Mission, where CMHC noted vacancy rates decreased in 2020. For the column header, Row 1 is Reference period. The average vacancy rate for rental condominium apartments across surveyed centres increased from 1.0% from 1.5%. TORONTO — More rental properties sat empty in 2020, especially in the Greater Toronto Area where the vacancy rate hit a 14-year high, said Canada Mortgage and Housing Corp. A new report released by the federal housing agency on Thursday showed the rental market vacancy rate in the country's big cities edged up to 3.2 per cent in 2020 from two per cent in 2019. While vacancy rates increased in many centres, we continue to see a need for more rental supply to ensure access to affordable housing.". Montréal's (2.7%) vacancy rate increased. Next year promises to be a year of rising vacancy rates and less construction for Greater Victoria. rate for purpose-built apartments increased from 1.1% in October 2019 to 2.6% in October 2020 (the highest This downward pressure on vacancy rates emphases the need for increased rental supply to ensure people throughout Canada have access to affordable housing. Jun. For more information, follow us on Twitter, YouTube, LinkedIn, Facebook and Instagram. That would be up from 1.5 per cent during the same period in 2019 and up from 1.2 per cent in 2018, 0.7 per cent in … CMHC's report showed the vacancy rates for Canada's three largest metropolitan areas, Toronto, Montreal and Vancouver, rose to 3.4 per cent, 2.7 per cent and 2.6 per cent respectively, as … The 2020 CMHC Rental Market Report for Metro Vancouver has just been released. Highlights in vacancy rates for the purpose-built market, Highlights in average rents for the purpose-built market, Rent arrears increased nationally due to COVID-19, Highlights for secondary rental condominium apartment market. The average vacancy rate for rental condominium apartments across surveyed centres increased from 1.0% from 1.5%. The federal housing agency released its Rental Market Survey (RMS) on Thursday, which looked at rent arrears for the first time, in addition to national vacancy rates and rent costs in 2020. CMHC noted that while a record number of units have been added to the city’s rental stock over the past three years, new apartments are being snapped up as quickly as they’re built. Unsurprisingly, he attributes rising vacancy rates to the Covid-19 pandemic. Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. Apply : Less Than $750 $750 - $999 ... CMHC’s housing market data is available for multiple levels of geographic aggregation, from national to neighbourhood. The federal housing agency released its Rental Market Survey (RMS) on Thursday, which looked at rent arrears for the first time, in addition to national vacancy rates and rent costs in 2020. Calgary’s vacancy rate has risen to the highest levels the city has seen since 2016 due to the COVID-19 pandemic and economic woes. Home. For apartment structures with rental arrears, 32.5% report their arrears rate to have remained similar to 2019, 58.3% reported a higher arrears rate and 9.2% report arrears are lower compared to 2019. The only place for free North American stock rankings incorporating insider commitment. CMHC provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. Article content. Lesson Progress. Vacancy rates increase on higher supply, lower demand After six consecutive years with vacancy rates close to 1%, the rental market loosened in the Vancouver Census Metropolitan Area (CMA) in 2020. Hello vacancies: CMHC’s 2020 Rental Market Report for Metro Vancouver released. CMHC Survey: National vacancy rate increased in 2020 The vacancy rate remains one of the lowest in the country. It's been steadily declining since 2015, hitting a record low of one per cent in 2019. Significant vacancy rate increases throughout region, with some decreases. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in 2020 for all bedroom types, according to Canada Mortgage and Housing Corporation's (CMHC) Rental Market Survey (RMS) released today. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). We also survey the secondary rental condominium apartment market in major centres. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in 2020 for all bedroom types, according to Canada Mortgage and Housing Corporation's (CMHC) Rental Market Survey (RMS) released today. 0% Complete. It's been steadily declining since 2015, hitting a record low of one per cent in 2019. Get stock quotes, news, fundamentals and easy to read SEC and SEDI insider filings. COVID-19: Eviction Bans and Suspensions to Support Renters Additional key highlights are presented below. Across the river in Gatineau, meanwhile, the vacancy rate was unchanged at 1.6 per cent in 2020, while the average rent edged up 2.4 per cent to $906. As Canada's housing market experts, CMHC supports decision making on housing affordability and contributes to the stability of housing markets. Lower international migration, fewer student renters, and weaker employment conditions led to weaker inflows of new renters. Disclaimer | How to Analyze a Real Estate Market CMHC Canada – Rental Market Reports Vacancy Rates. According to CFAA’s members, vacancy rates generally increased in the city centres and university towns, while staying flat in suburbs and in smaller centres which do not serve universities or colleges. Rental Housing Vacancy Rates (%) Universe and Number of Residents Living in Universe. This table displays the results of Canada Mortgage and Housing Corporation, vacancy rates, apartment structures of six units and over, privately initiated in urban centres of 50,000 and over. Aug. Sep. Oct. Nov. Dec. Jul. CMHC said that 0.59% or 6.11% units in arrears were primarily apartment units with lower rents. Save to My Data Library Close. A decrease in net international migration, the absence of in-person university courses because of COVID-19 and the return to the long-term rental market of tourist-oriented short-term rental units, all contributed to vacancy rate increases. The COVID-19 pandemic has impacted renter households and rental markets across Canada. Highly anticipated by politicians and planners, lenders, and real-estate professionals and owners, the report focuses on the state of the rental apartment market by area in the region. According to the Canadian Mortgage and Housing Corporation (CMHC) 2020 Rental Report, Kingston’s vacancy rate jumped to 3.2 per cent in 2020, and now matches the provincial average. Aug. Sep. Oct. Nov. Dec. The national average two-bedroom condominium apartment rent increased to. New this year, we have included rent arrears data. A CMHC report says key factors driving increased vacancy rates stem … Ottawa's rental vacancy rate more than doubled in 2020, new report shows . Based on a new report from Canada Mortgage and Housing Corporation (CMHC), the apartment vacancy rate in Calgary’s metropolitan area grew to 6.6% in October 2020.. The national average two-bedroom rent across CMAs increased by 3.6% to $1,165. Vacancies in the region for purpose-built rental housing increased from 1.1% in 2019 to 2.6% in 2020, which is still considered a low vacancy rate. Canada’s Rental Vacancy Rate Declines January 24, 2020 CMHC’s 2019 Rental Market Survey indicates that the average national vacancy rate has declined for the third year in a row. . OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2. The average vacancy rate in Halifax increased in 2020 for the first time in five years, but experts say it's more indicative of the effects of the pandemic than any long-term solutions to the city's housing crisis. Ottawa's rental vacancy rate more than doubled in 2020, new report shows . CMHC collects vacancy rate, rent and unit counts for rented condominium apartment units in 17 Canadian centres. New this year, we have included rent arrears data. In October 2019, it stood at 3.9%. As Canada's housing market experts, CMHC supports decision making on housing affordability and contributes to the stability of housing markets. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Short bets against GameStop are the lowest they've been in 2021 as the stock finds renewed life », Senate Democrats want the IRS to go above and beyond in helping the unemployed with their 2020 tax bills ». CMHC speaks. The only place for free North American stock rankings incorporating insider commitment. The vacancy rate change in the University Endowment Lands was particularly immense, with the suspension of most in-class instruction at the University of British Columbia leading to a dramatic rise in purpose-built rental vacancy rates from 0.4% in 2019 to 13% in 2020. 2021-01-28. Highly anticipated by politicians and planners, lenders, and real-estate professionals and owners, the report focuses on the state of the rental apartment market by area in the region. The information is grouped by Geography (appearing as row headers). Kelvin Ndoro is a senior market economist at the CMHC. These data refer to the primary rental market which only includes rental units in ... 2020. The information is grouped by Geography (appearing as row headers). CMHC conducts the RMS annually in October to gauge how socio-economic conditions, demographic trends and other factors impact Canada's rental markets. . Vacancy rates remain low The rental market continues to be very tight in the Vancouver Census Metropolitan Area (CMA). "The vacancy rate for purpose-built rental apartments in Canada's CMAs increased in 2020," said Bob Dugan, CMHC's chief economist. Commerce Policy | CMHC says the rental apartment vacancy rate in Metro Vancouver increased to 2.6 per cent in 2020 from 1.1 per cent in 2019, but new tenants faced a huge spike in rental costs. CMHC conducts the RMS annually in October to gauge how socio-economic conditions, demographic trends and other factors impact Canada's rental markets. Goodman Report. Moncton — Vacancy Rates by Rent Range by Zone . More rental properties sat empty in 2020, especially in the Greater Toronto Area where the vacancy rate hit a 14-year high, said Canada Mortgage and Housing Corp (CMHC) on Thursday. Halifax's vacancy rate nearly doubled in 2020 but still tight: CMHC report CBC/Radio-Canada. All rights reserved. Sources: CREA, (F) Forecasts by CMHC. This includes data on vacancy rates, average rents and more for various types of rental housing across Canada. For more information, follow us on Twitter, YouTube, LinkedIn, Facebook and Instagram. Further details on Canada's rental markets can be viewed in the 2020 comprehensive report and associated data tables. In fact, RentSeeker.ca compiled data on the average rental and vacancy rates across the country for all apartment types — including studio to three-bedroom units — based on the latest data collected by the Canadian Mortgage and Housing Corporation (CMHC), which revealed the Greater Toronto Area (GTA) ranked second in Canada for the highest average rent for a 1-bedroom, with … For the column header, Row 1 is Reference period. North had the lowest vacancy rates. The survey is based on purpose-built structures with three or more rental units in urban areas with populations of more than 10,000. While vacancy rates increased in many centres, we continue to see a need for more rental supply to ensure access to affordable housing.". On Monday, Urbanation — the leading source of information and analysis on the GTA condominium and rental apartment markets since 1981 — released its Q4-2020 rental market results. ... CMHC says the average rent … CMHC said with the supply of condos increasing by 4.4 per cent during the survey period, “the vacancy rate moving lower highlights strengthening demand for … The vacancy rate remains one of the lowest in the country. May. The region’s vacancy rate is heading towards 1.6 per cent by October 2020, according to the Canada Mortgage and Housing Corporation (CMHC)’s analysis of the local market. Vacancy rates dropped most in areas outside Halifax City CMHC’s June 2019 Housing Market Insight report showed affordability challenges were more evident on the Halifax Peninsula and in the downtown core in particular.8 Supporting this, is that the biggest changes in vacancy rates recorded during the October rental market Vacancy Rate (%) and Average Rents ($) for Heavy Care Spaces ... 2020. Additional key highlights are presented below. CMHC collects vacancy rate, rent and unit counts for rented condominium apartment units in 17 Canadian centres. Round 1: Housing Supply Challenge; Rapid Housing Initiative. “The economic impact of the pandemic has significantly reduced rental demand. New figures released by the Canada Mortgage and Housing Corporation (CMHC) show apartment vacancy rates are falling in New Brunswick. Kingston vacancy rate improves but rent prices drastically increase according to CMHC survey – Jan 15, 2020 Kingston’s vacancy rate has more than tripled to 1.9 per cent … These tables offer a detailed statistical overview of Canada’s urban and rural rental markets. Lower international migration, fewer student renters and weaker employment conditions led to weaker inflows of new renters. Next year promises to be a year of rising vacancy rates and less construction for Greater Victoria. Stock quotes by finanzen.net. Calgary’s vacancy rate has risen to the highest levels the city has seen since 2016 due to the COVID-19 pandemic and economic woes. Source: CMHC, (F) Forecasts by CMHC, Seasonally adjusted annual rates (SAAR) 2018 2019 2020(F) 2021(F) 2022(F) 0 ... 32,000 36,000 40,000 $ Forecast range ® Average Price. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in … While rental vacancy rates were lowest for units priced from $850-$1,150, they dropped the most for units in lower rent ranges (Figure 2). Home of the insider insights newsletter and the Canadian Insider Club which offers alerts and premium research. Lower international migration, fewer student renters, and weaker employment conditions led to weaker inflows of new renters. We collect information on the number of condominium apartment units being rented out, vacancy rates and rents. Lower international migration, fewer student renters and weaker employment conditions led to weaker inflows of new renters. A decrease in net international migration, the absence of in-person university courses because of COVID-19 and the return to the long-term rental market of tourist-oriented short-term rental units, all contributed to vacancy rate increases. A CMHC report says key factors driving increased vacancy rates … According to the CMHC, Halifax’s rental vacancy rate jumped to 1.9 percent in 2020, while the average rent rose 4.1 percent, to $1,170 a month. Close. “The economic impact of the pandemic has significantly reduced rental demand. The region’s vacancy rate is heading towards 1.6 per cent by October 2020, according to the Canada Mortgage and Housing Corporation (CMHC)’s analysis of the local market. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Greater softening of rental market conditions occurred in the three zones, Zone 1 - Downtown, Zone 2 – Southwestern Kingston ... 2020. The table type is Simple. Canada’s overall vacancy rate increased from 2.0 per cent in 2019 to 3.2 per cent in 2020 for all bedroom types, according to the latest Rental Market Survey from CMHC. CMHC speaks. For example, CMHC says at the University of British Columbia, the purpose-built rental apartment vacancy rate increased to 13 per cent in 2020, from 0.4 per cent the year before. Kelvin Ndoro is a senior market economist at the CMHC. Copyright © 2021 CNW Group Ltd. All Rights Reserved. According to CMHC, the average rental vacancy rate in major centres across Canada increased from 2.0% in October 2019 to 3.2% in October 2020. This affordability barrier could also be linked to an increase in interest in rentals in outlying suburban markets, such as Abbotsford and Mission, where CMHC noted vacancy rates decreased in 2020. A Cision company.Â, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Highlights in vacancy rates for the purpose-built market, Highlights in average rents for the purpose-built market, Rent arrears increased nationally due to COVID-19, Highlights for secondary rental condominium apartment market. Jul. CMHC provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry. CMHC Survey: National vacancy rate increased in 2020. May. Unsurprisingly, he attributes rising vacancy rates to the Covid-19 pandemic. The vacancy rate remains one of the lowest in the country. Other Québec CMAs saw decreased rates – notably in Saguenay (2.8%), Nationally, average rents across CMAs increased by 3.6% for a two-bedroom apartment between, The average rent for a two-bedroom apartment increased in, The average two-bedroom apartment rent was highest in, The Toronto CMA recorded the highest rate of rent arrears (0.92%) in. Made In NYC | Jun. Other Québec CMAs saw decreased rates – notably in Saguenay (2.8%), Nationally, average rents across CMAs increased by 3.6% for a two-bedroom apartment between, The average rent for a two-bedroom apartment increased in, The average two-bedroom apartment rent was highest in, The Toronto CMA recorded the highest rate of rent arrears (0.92%) in. In October 2019, it stood at 3.9%. The national average two-bedroom rent across CMAs increased by 3.6% to $1,165. New purpose-built rental buildings are facing the highest vacancies rates as overall vacancies for multi-family rentals in 2020 posted the highest increase in more than 20 years, according to Canada Mortgage and Housing Corp’s (CMHC) annual rental report. Rapid Housing Initiative Webinar; National Housing Conference; NHS Housing Needs Data; College of Reviewers; Renting. The national average two-bedroom rent across CMAs increased by 3.6% to $1,165. OTTAWA, ON, Jan. 28, 2021 /CNW/ - Among Canada's Census Metropolitan Areas (CMAs), the overall vacancy rate increased from 2.0% in 2019 to 3.2% in 2020 for all bedroom types, according to Canada Mortgage and Housing Corporation's (CMHC) Rental Market Survey (RMS) released today. The region’s vacancy rate is heading towards 1.6 per cent by October 2020, according to the Canada Mortgage and Housing Corporation (CMHC)’s analysis of the local market.

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