Calgary Vacancy Down, Rents “Stable”

The October apartment vacancy rate in the Calgary Census Metropolitan Area (CMA) declined for the second consecutive year in 2011 to 1.9%, reaching its  lowest level since October 2007 according to CMHC’s Fall Rental Market Report.  This is down from the 3.6% vacancy recorded last October.

(click to enlarge image)

Despite the reduction in vacancies, the average rent in Calgary remained
relatively stable this year.  Average rent for a two-bedroom apartment unit was $1,084 per month in October 2011, compared to $1,069 in October 2010.

(click to enlarge image)

You can read the entire report here

Please feel free to post your comment or question

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s