Winnipeg Free Press - ONLINE EDITION
Posted: 06/20/2013 10:49 AM | Comments: 0
The apartment vacancy rates for Manitoba and its largest city — Winnipeg — inched a little higher over the winter, according to a spring market survey by Canada Mortgage and Housing Corporation.
The national housing agency said the overall vacancy rate for the province’s six largest cities — Winnipeg, Brandon, Portage la Prairie, Thompson, Steinbach and Winkler — climbed to 1.8 per cent in April from 1.6 per cent in October and 1.2 per cent in April of last year.
Similarly, the vacancy rate for the Winnipeg Census Metropolitan Area (CMA), which includes Winnipeg and 10 neighbouring municipalities, rose to 1.9 per cent from 1.7 per cent in October and 1.2 per cent in April 2012.
"New rental supply combined with an increased outflow of Manitobans to other provinces and tenants moving to home ownership contributed to the rise in vacancies," said Dianne Himbeault, CMHC senior market analyst in Winnipeg.
In Winnipeg’s case, it was a combination of renter households moving to home ownership and weaker net migration in the latter half of 2012 , Himbeault said.
"Winnipeg also saw the addition of 557 units to its rental apartment universe between April 2012 and April 2013," she added.
In its most recent housing market forecast, released last February, CMHC predicted Winnipeg’s vacancy rate would rise to 1.9 per cent this year and would climb above two per cent next year for the first time in more than a decade.
Having problems with the form?Contact Us Directly
Shop in The Forks involved in poached pickerel sting "above board," owner insists
New tenancy laws will overhaul both renter and landlord rights
Police looking for suspect in St. James sexual assault
RightsFest to mark opening of human rights museum
Winnipeg was at a crossroads when it answered the call to arms in 1914
Bronze urn located, to be returned to Buddhist temple
Fringe continues record-setting pace
Onerous bail practices rapped
Primary gas rate to go down slightly in August
Analysis: Culture of secrecy allows repeated shameful tragedies
The reign of Jane
Poached pickerel seized at The Forks
New website to list municipal elections results for Manitobans
Winpak posts profit
Winnipeg to get direct flight to Mexican resort town Ixtapa-Zihuatanejo
Attacks on officials net assault charges
Put restrictions on STARS flights, report urges
Girl's death a homicide: RCMP
Flood outlets could be done in three years, Pallister says
Man faces human trafficking charges
Plenty of sun later today, but showers possible for weekend
Not all offences on the decline, StatsCan finds
Hockey Manitoba still doesn't get the message
Déj vu crash at Shoppers
Time to turf police turf war
Threw fatal punch, Winnipeg teen admits
On TV: July 24