Estate Investment Trust: Canada Mortgage And Housing

Real Estate Investment Trust Dept: In its Rental Market Survey released Thursday, Canada Mortgage and Housing Corp. said the Calgary CMA vacancy rate in October was 3.6 per cent compared with 5.3 per cent the same time last year, according to Calgary Herald. "Our occupancy has increased so our vacancy has declined year-over-year which reflects the CMHC report ," said Sam Kolias, chief executive of Calgary-based property manager Boardwalk Real Estate Investment Trust. The company's occupancy rate is about 97 per cent and t he rental apartment vacancy rate and average rent in the Calgary census metropolitan area both dropped in the past year. Meanwhile the average rent per month for a two-bedroom apartment had dropped to $1,069 from $1,099 in October 2009. As reported in the news.
@t apartment vacancy rate, canada mortgage and housing corp