|
An already bad situation got even worse this fall for Manitoba
renters.
New Canada Mortgage and Housing Corporation figures released
today show the overall apartment vacancy rate in Winnipeg fell
to a meagre 1.0 per cent in October from 1.5 per cent a year
earlier.
And in some of the province’s smaller urban centres, the
picture is even bleaker. Thompson’s vacancy rate fell to zero
from 2.4 per cent a year ago, while Brandon’s continued to hover
at 0.2 per cent.
On top of tighter vacancy rates, Manitoba renters were also hit
with higher rents in 2008. CMHC said the average rent for a
two-bedroom apartment in Winnipeg climbed to $769 a month from
$740 a year ago. For all the major urban centres combined, it
increased by $27 to $748 per month.
“The decline in vacancies in Winnipeg is mainly due to the
continued arrival of international immigrants and non-permanent
residents, which increased rental demand since international
newcomers tend to rent before buying a house,” Jeff Powell,
CMHC’s senior market analyst for Manitoba, said in a written
statement.
“Solid economic conditions and the continued influx of migrants
also sustained demand for rental housing in Manitoba’s smaller
urban centres,” Powell added.
|