CANADIAN IMMIGRATION NEWS

Immigration causes Canadian apartment vacancy rates to remain steady

Friday, 11 January 2008

Canada's steady vacancy rate has been credited to strong employment growth, solid income gains, and high immigration levels, which continued to support strong demand for both ownership and rental housing.

In October the average vacancy rate for apartments across Canada's 34 urban centers was 2.6%, unchanged from the same month a year ago.

The Canadian city with the highest vacancy rate is Windsor, at 12.8, while Kelowna is at the opposite end of the spectrum with a zero apartment vacancy rate.

The most expensive place to rent a two-bedroom apartment is Calgary, which has an average monthly rent of $1,089, while the cheapest is Saguenay at $490.

If you would like to fill up some of these vacancies by working and living in Canada, find out of you qualify by completing the free eligibility assessment form, which will deliver instant results!