December 13, 2011

Canada Mortgage and Housing Corporation’s (CMHC) October 2011

Highlights

  • The average rental apartment vacancy rate in Canada’s 35 major centres decreased to 2.2 per cent in October 2011 from 2.6 in October 2011
  • The Canadian average two-bedroom rent was $883 in October 2011
  • The average rent for two-bedroom apartments in existing structures across Canada’s 35 major centres increased 2.2 per cent between October 2010 and October 2011
  • Rental apartment completions moved slightly lower in the first nine months of 2011 compared to the same period in 2010. This, combined with steady demand for rental housing pushed Canada’s vacancy rate downward

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Kris Boyce

CEO, Greenwin Inc.

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