CMHC Rental Market Report Saskatchewan Highlights 2016

CMHC Rental Market Report Saskatchewan Highlights 2016

Rental market conditions soften as economy impacted by low commodity prices. „„The average apartment vacancy rate across Saskatchewan’s urban centres rose from 6.8 per cent in October 2015 to 9.4 per cent in October 2016.In the fall 2016 survey, apartment vacancy rates in the province’s Census Agglomerations (CAs) ranged from 3.3 per cent in Moose Jaw to 27.6 per cent in Estevan. Saskatchewan’s largest urban centres of Regina and Saskatoon saw average apartment vacancy rates of 5.5 and 10.3 per cent, respectively. For units common to both the October 2016 and 2015 surveys, the average two-bedroom apartment rent in Saskatchewan decreased 1.2 per cent. 

ORGANIZATION: Canada Mortgage and Housing Corporation
PUBLICATION DATE: 2016