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What are the apartment vacancy rates in Ontario?
The vacancy rate is the percentage of rental homes that are available in a community.
The vacancy rates for rental apartments are very different across Ontario. Generally, communities with lower vacancy rates (that means fewer places available to rent) have higher rent prices.
Vacancy rates can change year to year. It is important to keep this in mind when you are thinking about where you want to live and making plans for your future. For example, a city with many vacancies now might have fewer vacancies by the time you are ready to move there.
You can find more information about vacancy rates in cities and regions in the Canada Mortgage and Housing Corporation (CMHC) Rental Market Reports.
If you have any questions for CMHC, contact your local CMHC branch.
You can also call a housing help centre or community agency about rental pricing and trends. To find help, go to Services Near Me and search for "housing assistance" in your area.
August 17, 2017