According to the CMHC, 2008 Spring Survey, the St. Catharines – Niagara CMA vacancy rates for April, 2007 were 3.9% and went down to 3.7% in April, 2008. The availability rate was 6.9% in spring, 2007 and 5.4% in 2008. Source: http://www.cmhc-schl.gc.ca/en/hoficlincl/homain/stda/suretaanme/suretaanme_009.cfm
For a competitive rental market, a rental vacancy rate of at least 3% is considered necessary.
Rating: 3
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