Vacancy Rates Climb

Wednesday, June 10, 2009 12:04 PM

Prince George, B.C.- New stats show the vacancy rate in Prince George is increasing.

The vacancy rate (apartment buildings and row housing with 3 units or more) in April of last year was 2.6%. That rate doubled to 5.3% in April of this year.

There are more rental units available this year ( 38 more) compared to the total 3,727 units available in April of 2008.

When it comes to rent, there has been an increase in rents for 2 and three bedroom units, but the average rent for a bachelor suite has dipped.

Size of Apartment	Rent in April ‘08	Rent in April ‘09
Bachelor Suite	520	513
One Bedroom	582	597
Two Bedroom	667	683
Three + Bedroom	814	819

The stats have been compiled by Canada Mortgage and Housing.

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Posted on Wednesday, June 10, 2009 12:04 PM in News by 250 News

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Comments

Posted by: Born in BC on June 10 2009 4:43 PM

The rental rates in this town are outrageous. For what you get apartments and condos are actually cheaper in Vancouver.

Posted by: DPJ on June 10 2009 5:19 PM

still low vacancy rate considering the economy is stuttering.

Posted by: hammmy on June 10 2009 8:07 PM

Everybody's leaving to find decent paying work!

Posted by: Free Enterprise on June 10 2009 10:21 PM

Its far cheaper to own than rent.