Vacancy rates in seniors' homes at 10.6 per cent, says CMHC | iNFOnews | Thompson-Okanagan's News Source

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Vacancy rates in seniors' homes at 10.6 per cent, says CMHC

OTTAWA - Canada Mortgage and Housing Corp., says the vacancy rate for standard units in seniors' homes across the country was 10.6 per cent this spring, almost unchanged from 10.7 per cent last year.

The housing agency says vacancy rates varied across the country, from a high of 38.7 per cent in Newfoundland and Labrador to a low of 4.8 per cent in Manitoba.

Vacancy rates for standard spaces were above average in Ontario, British Columbia and Alberta and below average in Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island and Quebec.

It says the average Monthly rent for bachelor units and private rooms, where at least one meal is included in the rent, was $1,966 in 2012, up from $1,903 in 2011.

Ontario had the highest average rent at $2,699, while Quebec had the lowest, with an average of $1,410.

CMHC says 202,091 seniors lived in the 2,586 residences it surveyed.

News from © The Canadian Press, 2012
The Canadian Press

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