Vacancy rate is rising
It’s a study by a landlords’ group so brace for bias, but it says that the rental vacancy rate is rising in town for several interlocking reasons.
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Kate
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Alison Cummins 12:43 on 2021-01-21 Permalink
Interesting. I like it.
The primary reason they list is that airbnb’s are returning to the residential market, which is as it should be.
They also list people sharing living space because of employment precarity, and lack of immigration because of travel restrictions.
In my tiny little 5-plex, I’ve seen the opposite, so I’d been envisioning increased demand for rentals.
• A single person moving from an apartment building with elevators and shared facilities, to something better for both quarantine and working from home.
• Students deprived of dormitories electing a private apartment.
I’d be interested to know whether different types of rental buildings are experiencing different vacancy rates.
Kate 17:05 on 2021-01-21 Permalink
Alison, I can’t see a link to the study, but maybe you could ask CORPIQ whether they have a breakdown of the numbers by type of housing.