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Vacancy rate at seniors' homes in province stable: survey

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The overall vacancy rate in seniors' residences in Manitoba remains unchanged this year at 4.8 per cent, according to a new survey by Canada Mortgage and Housing Corporation (CMHC).

The housing agency said a spring survey of 34 local residences, representing 3,794 units, showed while the vacancy rate for one- and two-bedroom units declined slightly in the past year, that was offset by an increase in the vacancy rate for bachelor units.

The latter jumped to 9.8 per cent from 7.5 per cent in 2012, the agency said. The vacancy rate for one-bedroom units, meanwhile, dipped to 4.4 per cent from 4.6 per cent, while the rate for two-bedroom-plus suites fell to 4.2 per cent from 4.4 per cent.

The average monthly rent also has risen in the past year, climbing by $40 to $2,378.

The biggest increase was in the average rent for a bachelor unit, which rose by $49 to $1,179. The smallest change was in the average rent for a two-bedroom-plus suite, which increased by $28 to $2,862.

CMHC noted seniors’ residences offer a number of amenities and services not found in regular rental units. They includes meals, medical services, and entertainment and recreational activities. However, the amenities can vary, depending on the size of the facility, it added.

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