The rental apartment vacancy rate in the province of Quebec’s urban centres was 3.1 per cent in October 2013, relatively unchanged from 3.0 per cent in October 2012, according to the fall Rental Market Survey results released today by Canada Mortgage and Housing Corporation (CMHC).
“In general, the addition of new units to the rental housing supply is still slow in several large urban centres in Quebec. Meanwhile, demand has remained sustained overall.,” said Kevin Hughes, CMHC’s Regional Economist for the province of Quebec.
On the basis of a sample of structures common to both the 2012 and 2013 surveys, the average rent for two-bedroom apartments increased by 1.7 per cent in the province. This rate reflects those observed for the other bedroom types.
Regionally, most of the province’s 45 urban centres did not see any change in their vacancy rates compared to October 2012.
Nearly half of them did not register any statistically significant changes, and most of those that did posted increases that were relatively small overall.
Source : SCHL Enquete locative automne 2013