The blog had this post sitting in the drafts section for a while, simply because there was not enough information found to write about the situation in the Greater Junction Area. The other day a twitter comment to the blog spoke of 20,000 persons renting in the area. That got me wondering if any of the blog readers had insights, concerns or opinions on renting in the GJA or for your particular fav area of the Junctions, The Junction, Junction Triangle, Upper Junction?
Some of the question the blog had thought about are,
…are the rates fair?
….are the landlords honest and ethical about repairs, etc?
…is there enough renting stock to make finding a place fun exciting, or is it a chore?
Any thoughts? Send them to email@example.com and I will include them in the upcoming post.
Canada’s Rental Vacancy Rate Increases Full report link at Stats Can.
OTTAWA, December 13, 2012 — The average rental apartment vacancy rate in Canada’s 35 major centres1 increased to 2.6 per cent in October 2012, from 2.2 per cent in October 2011, according to the fall Rental Market Survey2 released today by Canada Mortgage and Housing Corporation (CMHC).
“Lower levels of household formation among young adults reduced rental housing demand,” said Mathieu Laberge, Deputy Chief Economist at CMHC’s Market Analysis Centre. “This, combined with an increase in the supply of newly constructed, purpose-built rental apartments, pushed Canada’s vacancy rate upward. Meanwhile, demand for rental condominium apartments remained strong, with the vacancy rate holding steady in most of Canada’s largest urban centres, including Toronto, Montreal and Vancouver.”