Apartment Vacancy Rate: CMHC

CMHC: And its a similar story for Manitobas urban vacancy rate, which is the average vacancy rate for its seven largest urban centres combined. It jumped to 2.4 per cent from 1.6 per cent in October of last year, Canada Mortgage and Housing Corporation CMHC said today in releasing the results of its Fall Rental Market Survey. , according to Winnipeg Free Press. "Higher vacancies are also attributed to the continued movement of existing renters to homeownership due to favourable conditions such as low mortgage rates and a rising selection of active listings in the resale market," Himbeault added. Winnipegs apartment vacancy rate has jumped nearly a full percentage point over the past year, climbing to 2.5 per cent in October from 1.7 per cent a year earlier. "Rental demand has been impacted by a moderation in net migration to Manitoba as well as modest employment growth," said Dianne Himbeault, CMHC Senior Market Analyst for Winnipeg. (www.immigrantscanada.com). As reported in the news.