April 2015 rental market in Manitoba
The rental apartment vacancy rate(1) in Manitoba's urban centres(2) was 2.3 per cent in April 2015 compared to 2.1 per cent in April 2014, according to the Spring Rental Market survey released today by Canada Mortgage and Housing Corporation (CMHC).
"A higher level of migration, mostly from international sources, continues to support demand for rental units in Manitoba. Contributing to an uptick in the vacancy rate, the universe of rental apartment units increased by 1,586 from April 2014 to April 2015, the result of additions outpacing the loss of units due to renovation or conversion to condominium", noted Dianne Himbeault, CMHC Senior Market Analyst for Winnipeg.
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