Charlottetown apartment dwellers can expect higher rents
If you're looking for an apartment in Charlottetown, your options may be limited, but it's a good time to be a landlord in the P.E.I. capital.
After peaking at 8.8 per cent in 2013, vacancy rates for apartments in the city are on the way down. They fell to 5.9 per cent in 2014. Numbers are not out yet for 2015, but some of the city's major apartment owners say they have little or no space open.
"Today, middle of September 2015, we have a zero per cent vacancy rate in both our student housing, and non-student housing apartment rentals," Jason Pitre, owner of PEI Apartments.
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