Edmonton Vacancy Rates Significantly Drops

Edmonton apartment vacancy rate declined from 3.3% in October 2011 to 1.7% this year. The demand for rental units is led by strong job Creation and an inflow of new migrants. These two factors have been the result of a strengthening economy and improved labour market conditions.  Average rent for a 2 bedroom unit is about $1100.  Stats taken from CMHC.

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Catherine Ta

Catherine Ta

Affiliated Real Estate Agent
CENTURY 21 Vantage Realty Ltd.
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