Vacancy rates up in New Brunswick
MONCTON, NEW BRUNSWICK--(Marketwired - June 20, 2013) - Results from Canada Mortgage and Housing Corporation's (CMHC) 2013 Spring Rental Market Survey released today indicate that the overall vacancy rate for apartment units in New Brunswick's urban centres stood at 7.6 per cent in April 2013, compared to 6.2 per cent a year ago.
"Higher vacancy rates recorded in New Brunswick's three large urban centres - Fredericton, Moncton and Saint John - led to the overall vacancy rate increase in April of 2013 as the combined rental stock in these markets accounts for over 85 per cent of the provincial total," said Claude Gautreau, CMHC's senior market analyst for New Brunswick. The vacancy rate in Fredericton was the lowest among the province's large urban centres at 5.2 per cent. In both Moncton and Saint John, the vacancy rates were higher at 7.4 and 10.4 per cent, respectively.
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