June 2014 Prairie Economic Fundamentals

Ally

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#2
Saskatchewan's May unemployment rate lowest in Canada





OTTAWA ` Saskatchewan`s unemployment rate continues to be the lowest in Canada.





Statistics Canada reported Friday the unemployment rate in the province for May was 3.7 per cent, an increase of 0.3 percentage points from the previous month.





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Ally

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#3
Saskatchewan population and employment rate rising





In the last year, the population of Saskatchewan has grown by 17,800 people, according to Statistics Canada.





That's a 2.2 per cent increase from May last year to this year.





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Ally

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#4
May 2014 housing starts in Regina





REGINA, SASKATCHEWAN`(Marketwired ` June 9, 2014) -
Housing starts in the Regina Census Metropolitan Area (CMA) were trending at 1,993 units in May compared to 1,840 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)[sup]1[/sup] of total housing starts.





`The trend in total housing starts rose in May for the first time this year. After a slow start to 2014, multi-family home builders responded in May with the highest monthly production since October of last year,` said Goodson Mwale, CMHC`s Senior Market Analyst for Saskatchewan.





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Ally

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#5
Rental apartment vacancy rate in Manitoba rises 2.1%, rent up 3.2%





WINNIPEG ` The vacancy rate for rental apartments rose to 2.1 per cent in urban Manitoba in April from 1.8 per cent in the same month of 2013, the Canada Mortgage and Housing Corp. reports.





More rental units are being built and fewer people are moving the Manitoba, the national housing agency said in a news release.





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Ally

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#6
April 2014 Rental Market in Saskatchewan





SASKATOON, SASKATCHEWAN`(Marketwired ` June 11, 2014) -
The rental apartment vacancy rate(1) in Saskatchewan`s urban centres(2) was 3.3 per cent in April 2014, up from 3.0 per cent in April 2013, according to the Spring Rental Market survey released today by Canada Mortgage and Housing Corporation.





`A slower pace of job creation and weaker wage gains contributed to a slowdown in net migration which led to a moderation in rental demand and a higher vacancy rate. An increase in the supply of purpose-built rental apartments through new construction also contributed to higher vacancies,` said Goodson Mwale, CMHC`s Senior Market Analyst for Saskatchewan.





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Ally

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#7
Winnipeg's apartment vacancy rate is 2%





Winnipeg`s apartment vacancy rate ticked up to 2% in April, according to the Canada Mortgage and Housing Corporation.





That`s up from 1.9% in April 2013. Additionally, two-bedroom apartments in Winnipeg increased to 3.4%, up two-tenths of a percentage point from the year before.





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Ally

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#8
Rents in Estevan top those in Vancouver





Renting a twobedroom apartment in Estevan is more expensive than in Toronto, Calgary and the notoriously pricey Vancouver.





The Canada Mortgage and Housing Corporation's (CMHC ) April 2014 report pegged the average rent for a two-bedroom apartment in Estevan at $1,275 per month, up $132 a month from $1,143 last April.





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Ally

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#9
Winnipeg apartment vacancy rates expected to increase





Local apartment-vacancy rates are expected to jump by nearly a full percentage point between now and late next fall, a Canada Mortgage and Housing Corporation official said Wednesday.





The results of the corporation's latest market survey, released Wednesday, peg Manitoba's overall rental apartment vacancy rate at 2.1 per cent and Winnipeg's at two per cent as of April.





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Ally

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#10
Vacancy rates down, rent up for Saskatoon





SASKATOON ` Apartment hunters in Saskatoon have fewer choices and will have to spend more money renting a two-bedroom apartment according to a new report from Canada Mortgage and Housing Corporation (CMHC).





The Spring Rental Market survey released on Wednesday found the vacancy rate for a two-bedroom apartment had dropped 0.3 percentage points to 3.0 per cent in April when compared to a year ago.





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Ally

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#11
Estevan's vacancy rate rises





Estevan's vacancy rate has risen significantly in a 12-month span, according to the Canada Mortgage and Housing Corporation`s (CMHC) April 2014 Rental Market survey, which was released on June 11.





The report says that 5.5 per cent of reported rental properties were vacant, the highest rate for Estevan in years. It's also above the provincial average of 3.3 per cent.





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Ally

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#12
Prince Albert averages out in rental housing





The Canada Mortgage and Housing Corporation (CMHC) has released its annual rental market report and Prince Albert appears to remain about the same.





Although rental markets in other cities seems to be in flux between 2013-14, the CMHC reports Prince Albert has kept both pricing and vacancy have only increased a slight amount from 6.5 per cent to seven per cent.





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Ally

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#13
Estevan reigns as most expensive rental city in province





Estevan rental units continue to outpace the rest of Saskatchewan in terms of price.





The rental apartment vacancy rate across Saskatchewan`s urban centres saw an increase from 2013 to 2014, but while more units are available, Estevan saw an increase in average rental prices and remains the most expensive city to rent property in the province.





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