Apartment Vacancy

Apartment Vacancy

Even though nationally, apartment vacancies have slipped to 6.2% (according to Property & Portfolio Research's latest Apartment Trends report), it is still a decent vacancy rate. Experts predict that by 2009, apartment vacancy rates will stabilize. This is good news for apartment owners, especially if you're in a high demand area such as New York City, Atlanta or Dallas.

The average apartment vacancy rate in Canada decreased slightly in 2006 to 2.6 percent, down 0.1 percent from the year before. The highest vacancy rates were found in Windsor (10.4 percent), Saint John (6.8 percent) and St. John's (5.1 percent). Meanwhile, the lowest vacancy rates were primarily found out west, with Calgary (0.5 percent), Victoria (0.5 percent) and Vancouver (0.7 percent) being the cities with the least amount of available apartments.

Apartment Vacancy