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Tuesday, December 15, 2009

Having a hard time finding a place to rent? Here's why!

We found a Canada Mortgage and Housing Corporation (CMHC) article that compared the vacancy rate in Canada for April 2009 to major Canadian Centres.

The Canadian average vacancy rate for April 2009 was 2.7 percent, which was up slightly from the year before (2.6 percent).

Compare this with Winnipeg's rate of 0.9 percent!

It's tough out there, and when you consider the average of 0.9 percent includes all of the high priced executive homes and condos, the "realistic" vacancy rate is probably much lower for the average Winnipeger - those who rent in the $600 to $1000 range.

What is one to do? Do your research, have a security deposit in hand when you view a property, and don't wait until the last minute!

Got questions? Email us at
Garamark Property Management is located in Winnipeg, Manitoba and successfully balances protecting the investment of an owner while retaining happy tenants.

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