Apartment vacancy rates fall in Edmonton-area

The number of apartments available in the Edmonton area is half of what it was one year ago.

The vacancy rate sits at 1.7 per cent — down from 3.3 in 2011, according to Canada Mortgage and Housing Corporation’s Fall Rental Market Survey.

“Strong net migration and continued job growth in Edmonton contributed to the reduction in vacant rental apartments, as did a modest reduction in the supply of rental units,” senior market analyst David Lan said in a press release.

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