Finding a place to live in Vernon should be easier, but it likely won't be much cheaper. CMHC is out with their rental vacancy report. The overall vacancy rate in Vernon has improved slightly from 6.7 to 7.4 per cent. Local social service agencies say affordable housing is still an issue in vernon, despite more availability. As for the cost - the average two bedroom apartment now rents for about 775 dollars. The provincial average is $1,050 per month.The BC vacancy rate is now 2.4 per cent. CMHC says demand for rental housing remained strong, reflecting improving labour market conditions with a continued flow of people moving to the province.
Monday, December 19, 2011
Vacancy Rate Improves - But it is not cheaper to rent
Finding a place to live in Vernon should be easier, but it likely won't be much cheaper. CMHC is out with their rental vacancy report. The overall vacancy rate in Vernon has improved slightly from 6.7 to 7.4 per cent. Local social service agencies say affordable housing is still an issue in vernon, despite more availability. As for the cost - the average two bedroom apartment now rents for about 775 dollars. The provincial average is $1,050 per month.The BC vacancy rate is now 2.4 per cent. CMHC says demand for rental housing remained strong, reflecting improving labour market conditions with a continued flow of people moving to the province.
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