Toronto’s Rental Vacancy Decreases

The average rental apartment vacancy rate in Canada’s 35 major centres increased slightly from 2.6% in April of last year to 2.7% in April 2009 as reported in the Rental Market Survey conducted by CMHC.   In Toronto, the vacancy rate fell from 2.8% in April 2008 to 2.4% in April 2009.  In the Toronto market,  the average monthly rent for a two-bedroom unit was $1,093 in April 2009 compared to $1,075 in April 2008.

Source:  CMHC