Apartment vacancy rate halifax
For those renting in Halifax, an affordable place to live is increasingly hard to find. With the city's vacancy rate having dropped to 1.6 per cent, many renters are feeling the squeeze. Halifax is still a long way from a balanced or healthy market, which Baird Allen said would be a vacancy rate of 4 to 5 per cent. In an annual report released Tuesday by the Canadian Mortgage and Housing Corporation, the average vacancy rate in Halifax Regional Municipality was 1.6 per cent in October, down from 2.3 per cent last year. The HRM’s vacancy rate has not been below two per cent since the CMHC began tracking it in 1990.