By Alexandra Mazur Global News
Posted January 29, 2021 3:00 pm
Updated January 29, 2021 6:18 pm
"After years of low inventory in the city’s rental market, Kingston no longer has one of the lowest vacancy rates in Ontario.
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.
"In response to the federal government's decision to legalize cannabis, our government is determined to open the cannabis market as responsibly as possible," said Attorney General Doug Downey. "We have said all along that opening more legal stores is the most effective way to combat the illicit market, protect our kids and keep our communities safe. That is our number one priority."
"Against growing global economic headwinds and early signs of slowing leasing demand, Canada’s top industrial markets are well-positioned for continued success. As we enter the next cycle, occupancy remains at record highs and falling global interest rates will buoy investment demand, exerting more pressure on both rental rates and sale prices in Canada’s hottest markets as we move through 2020.