Vacancy rates have decreased in the last year. The booming economy and migration to Alberta resulted in a tightening of the rental markets in 2006. (Canadian Mortgage and Housing Corporation, 2006).
Apartment Vacancy Rates (%)
2008
2007
2006
2005
2004
Bachelor
5.7
3.4
0.0
0.4
1.7
1 Bedroom
3.7
2.9
0.5
1.3
3.2
2 Bedroom
4.9
2.6
0.9
3.8
3 Bedroom+
2.2
0.7
0.6
6.0
