Apartment vacancy in Peterborough is reported to be the 3rd highest in Canada according to CMHC release of vacancies in Canada.
The top five municipalities in Canada are:
- Windsor 13%
- Abbotsford, B.C. 6.1%
- Peterborough 6%
- Calgary 5.3%
- London 5%
In the Peterborough market, we have seen all year the introduction of first time home buyers controlling the market place. With record low interest rates, it’s no wonder vacancies are on the rise.
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