Vacancy rates down, rental rates up across region

If you live in rental accommodations in Red Deer, you’re probably paying about $40 more a month now than you were a year ago. And you have fewer alternatives to choose from.

The average apartment rental in the city was $804 in October, according to Canada Mortgage and Housing Corp.’s fall rental market survey. That was up more than five per cent from $764 for the same month in 2011.

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