- Ontario rental apartment vacancy rates decline to 3.1 in April 2008
from 3.9 per cent in April 2007.
- Vacancy rates decline for all bedroom types
- Most urban centers posted tighter rental market conditions
- Greater Sudbury is one of the tightest markets across the country
- Windsor, Hamilton, Oshawa, St. Catharines-Niagara and Thunder Bay post
vacancy rates above Ontario average
- Increases in fixed sample apartment rents were in line with rent
review guideline increases and increases in the cost of living index
TORONTO, June 5 /CNW/ - "Rising mortgage carrying costs have dampened
Ontario home buying activity early in 2008, particularly among first time
buyers," said Ted Tsiakopoulos, CMHC's Ontario regional economist. This
combined with a slower pace of condominium apartment completions has tempered
the outflow of renter households into the ownership market," added
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As Canada's national housing agency, CMHC draws on over 60 years of
experience to help Canadians access a variety of quality, environmentally
sustainable, and affordable homes - homes that will continue to create vibrant
and healthy communities and cities across the country.
For more information, visit www.cmhc.ca or call 1-800-668-2642.
For further information:
For further information: Ted Tsiakopoulos, Regional Economist - Ontario
Region, (416) 218-3407, firstname.lastname@example.org