The Canada Mortgage and Hosing Corporation (CMHC) has released their "Rental Market Report" for Kitchener-Cambridge-Waterloo and Guelph CMAs. The complete 2011 report can be downloaded (PDF) here.

Some highlights of this rental market documents include:

• The average vacancy rate in Waterloo Region and area (Kitchener CMA) moved lower to 1.7 per cent.

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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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