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.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
What's open, what's closed over Easter weekend
Committee supports reduced speeds on Pandora Avenue East
Committee wants trail developed on Seine River
Water restored to 30 properties
Warmer weather, rain expected to help break up river ice
RCMP confirm arrest in cold case killing of Manitoba teen
Father who severely sexually assaulted daughters declared dangerous offender
Labour board amendments to speed up decisions
Chamber presenting lunch with Wayne Gretzky
Good Friday Public Way of the Cross taking place in Osborne Village
Ombudsman will investigate Tories' FIPPA request on Melnick email
Suspect charged after Pacific Avenue death
New mental health program launching at Grace Hospital