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.
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.
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.
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.
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.