VIEW MORE NEWS
Vacancy Rate in Kingston now 1.9 per cent
"Kingston's Vacancy Rate increases to 1.9 per cent
Kingston's vacancy rate has more than tripled – increasing from a record-low 0.6 per cent to 1.9 per cent, as reported on Jan. 15 by the Canadian Mortgage and Housing Corporation (CMHC).
"This increase reflects a robust growth in the rental supply, but also shows us that there is still work to be done to achieve a healthy vacancy rate. This study also shows that rental costs have risen significantly, so affordability remains a key concern," says Ruth Noordegraaf, Director, Housing and Social Services."
Click here to read the full document in The City of Kingston's "City Matters"