Considering Buying or Selling your income Property?
- Ontario vacancy rate declined to 2.5 per cent in April of 2015, from 2.8 per cent one year ago.
- Fixed sample 2-bed apartment rents grew at a rate of 2.1 per cent in 2015 versus 2.7 per cent in the spring of 2014.
- Factors exerting downward pressure on vacancy rates include: improving job prospects for young adults and less first time buyer demand.
- Factors exerting upward pressure on vacancy rates include: declining net migration and more condominium rental completions.
Check out the full Ontario Rental Market Survey Report by CLICKING HERE