The premiers of Canada`s Atlantic provinces are focusing on developing the region`s natural and human resources and enhancing international trade efforts in order to strengthen the economy and create new opportunities for Atlantic Canadians, announced the Council of Atlantic Premiers following a recent meeting.
MONCTON, NEW BRUNSWICK`(Marketwired ` June 11, 2014) - The rental apartment vacancy rate(1) in New Brunswick`s urban centres(2) was 9.1 per cent in April 2014, up from 7.6 per cent in April of 2013, according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.
`Weaker demand for rental units stemming from rising out-migration and a slowing job market, combined with rising levels of supply in some provincial markets has resulted in higher vacancy rates in most urban centres in New Brunswick,` 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 6.2 per cent. In Moncton and Saint John, the vacancy rates stood at 10.7 and 10.0 per cent, respectively.
HALIFAX, NOVA SCOTIA--(Marketwired - June 11, 2014) - The rental apartment vacancy rate[sup]1 in Nova Scotia's urban centres2[/sup] was 4.5 per cent in April, 2014, up from 3.4 per cent in April, 2013 according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.
"Vacancy rates in urban centres in Nova Scotia were mixed in the spring of this year," said Guillaume Neault, Senior Market Analyst with CMHC's Atlantic Business Centre. "In Halifax, slower population gains and the completion of nearly 2,000 purpose-built rental units in the last year resulted in the vacancy rate rising to 4.1 per cent this spring," said Neault. "In Truro, the absorption of units built in 2012 contributed to the vacancy rate decreasing one full percentage point to 7.4 per cent," Neault added.