Fall 2012 Peterborough Rental Market Report

Rental Market Indicators

Privately Initiated Apartment Structures of Three Units and Over.

 The Canadian Mortgage and Housing Corporation released today it’s Fall 2012 Rental Market Report. Below are the findings for Peterborough Ontario.

Vacancy Rates

Oct-11   Oct-12

3.5%      2.7%


Availability Rates

Oct-11   Oct-12

4.8%      4.8%

 

Average Rent 2-Bedroom, New and Existing Structures.

Oct-11   Oct-12

$899      $904

 

Percentage Change of Average Rent 2-Bedroom From Fixed Sample, Existing Structures Only.

 

Oct-10   Oct-11

   To          To

Oct-11   Oct-12

2.0%      2.0%

 

Availability: A rental unit is considered available if the existing tenant has given, or has received, notice to move, and a new tenant has not signed a lease; or the unit is vacant.

Rent: The rent refers to the actual amount tenants pay for their unit. No adjustments are made for the inclusion or exclusion of amenities and services such as heat, hydro, parking, and hot water. For available and vacant units, the rent is the amount the owner is asking for the unit. It should be noted that the average rents reported in this publication provide a sound indication of the amounts paid by unit size and geographical sector. Utilities such as heating, electricity and hot water may or may not be included in the rent.

Rental Apartment Structure: Any building containing three or more rental units, of which at least one unit is not ground oriented. Owner-occupied units are not included in the rental building unit count.

Rental Row (Townhouse) Structure: Any building containing three or more rental units, all of which are ground oriented with vertical divisions. Owner-occupied units are not included in the rental building unit count. These row units in some centres are commonly referred to as townhouses.

Vacancy: A unit is considered vacant if, at the time of the survey, it is physically unoccupied and available for immediate rental.

Source: CMHC Rental Market Report, Canada Highlights, Data Released Fall 2012

Constantine Isslamow

Constantine Isslamow

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CENTURY 21 United Realty Inc., Brokerage*
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