Vacancy: Year and Cent

vacancy: Canada overall vacancy rate rose to 3.4 per cent this year from 3.3 per cent last year, CMHC said, according to Huffington Post Canada. Toronto 544 new apartments, 80,000 new people Apartments, condos and office buildings in central Toronto. At the same time, the country most oil-dependent cities are seeing record-high vacancy rates, as tenants leave for other cities and rental rates fall. Photo Getty Images Toronto apartment vacancy rate fell to 1.8 per cent this year from 2.3 per cent last year, CMHC said, because rising house prices have forced more people to stay in rental housing. Though new buildings came online, that new supply was mostly offset by older buildings that were demolished or converted to condos, CMHC said. There were only 544 purpose-built apartments added to Toronto supply in the 12-month period covered in the report. (www.immigrantscanada.com). As reported in the news.