CMHC Spring Rental Vacancy Rates Moved Lower in British Columbia

According to Canada Mortgage and Housing Corporation's (CMHC) spring Rental Market Survey(1), the British Columbia apartment vacancy rate declined to 2.4 per cent in April 2014 from 3.5 per cent in April 2013.

"In spring 2014, the downward pressure on vacancy rates came from a combination of increased rental demand which outpaced additions to rental supply," noted Carol Frketich, CMHC's BC Regional Economist. "This spring the rental market was significantly tighter than last spring as apartment vacancy rates moved lower in all but six of the province's 27 centres surveyed in April".


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