Vacancy rate remains stable in Nova Scotia
HALIFAX, NOVA SCOTIA--(Marketwired - June 15, 2015) - The rental apartment vacancy rate1 in Nova Scotia's urban centres2 was 4.6 per cent in April, 2015, which was relatively unchanged from last April according to the Spring Rental Market Survey released today by Canada Mortgage and Housing Corporation.
"Vacancy rates in urban centres in Nova Scotia remained stable in most centres across the province this spring," said Alex MacDonald, Regional Economist, with CMHC's Atlantic Market Analysis Centre. "In Halifax, relatively strong population gains in the third and fourth quarter kept the vacancy rate statistically unchanged at 4.2 per cent this spring," said MacDonald. "In New Glasgow, despite little construction taking place over the last year the vacancy rate increased to 9.0 per cent in April," MacDonald added.
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