Vacancy Rate Tightens Up
Friday, December 14, 2012 @ 3:58 AM
Prince George, B.C. – It’s getting a little tougher to find an apartment in Prince George. Canada Mortgage and Housing has released it’s fall vacancy rate and rental report. It indicates the overall vacancy rate in October in Prince George was 4.0%, down from the 5.1% recorded in the fall of 2011.
But individuals may find the vacancy rate different depending on the type of rental unit they are looking for.
|
Year
|
Bachelor
|
1 Bedroom
|
2 Bedroom
|
3 Bedroom
|
Total
|
|
October 2011
|
7.5%
|
5.8%
|
4.2%
|
4.9%
|
5.1%
|
|
October 2012
|
6.9%
|
3.6%
|
3.4%
|
5.6%
|
4.0%
|
CMHC also reports the average rents in Prince George have gone up right across the board:
|
Year
|
Bachelor
|
1 Bedroom
|
2 Bedroom
|
3 Bedroom
|
Average
|
|
October 2011
|
$518
|
$604
|
$726
|
$800
|
$678
|
|
October 2012
|
$531
|
$615
|
$738
|
$827
|
$692
|
|
%change
|
4.9%
|
2.8%
|
1.9%
|
3.8%
|
2.1%
|
Here’s how some of the other Northern B.C. communities vacancy rates changed:
|
Community
|
Vacancy Rate Oct 2011
|
Vacancy Rate Oct. 2012
|
|
Prince Rupert
|
13.6%
|
11.8%
|
|
Terrace
|
4.2%
|
3.4%
|
|
Dawson Creek
|
1.4%
|
3.5%
|
|
Ft. St. John
|
5.9%
|
3.6%
|
|
Quesnel
|
8.7%
|
11.2%
|
|
Williams Lake
|
8.7%
|
4.9%
|
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