The Canada Mortgage and Housing Corporation has released their most recent Rental Market Report for the Kitchener CMA (Census Market Area). This report contains a wealth of information for landlords in the Kitchener-Waterloo area including vacancy rates and average rent increase rates.

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Article from The Record, December 15, 2008 - www.therecord.com

A couple of years ago, some landlords would offer a month's free rent, free parking or gift cards to entice new tenants.

Now, apartments in Waterloo Region are snapped up faster than in many other Canadian cities, thanks in part to a young population delaying home ownership, a new report says.

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Prospective homebuyers are increasingly opting for apartments, which has helped slice the local rental vacancy rate in half from last year, according to a new report released yesterday. The Canada Mortgage and Housing Corp. said the vacancy rate in the Kitchener census metropolitan area sunk to two per cent in April from four per cent last April.

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