Apartments: Vacancy Rates
Statistics last updated April 29, 2013.
Vacancy Rates for Two Bedroom Apartments, Nova Scotia and Selected Communities, 2007 to 2012
Key Points
- The accepted industry standard for the vacancy rate is 3%, which is generally considered to represent equilibrium in the market. This means that there are enough choices for tenants and at the same time owners are enjoying strong occupancy levels
- In 2012, the vacancy rate for two-bedroom apartments ranged from 6.9% in Truro to 3.2% in Halifax.
| Vacancy Rates for Two Bedroom Apartments, Nova Scotia and Selected Communities, 2007 to 2012 | ||||||
| Halifax CMA | Cape Breton CA | Kentville CA | New Glasgow CA | Truro CA | Nova Scotia 10,000+ | |
|---|---|---|---|---|---|---|
| Oct-07 | 3.2% | 3.2% | 5.4% | 3.9% | 2.3% | 3.2% |
| Oct-08 | 4.2% | 2.8% | 3.7% | 3.1% | 4.3% | 4.0% |
| Oct-09 | 3.3% | 1.1% | 4.8% | 1.1% | 5.5% | 3.4% |
| Oct-10 | 2.9% | 2.6% | 4.3% | 2.5% | 6.2% | 3.2% |
| Oct-11 | 2.6% | 3.3% | 4.8% | 2.3% | 3.9% | 2.8% |
| Oct-12 | 3.2% | 3.7% | 5.4% | 3.7% | 6.9% | 3.7% |
| Source Canada Mortgage and Housing Corporation, Rental Market Report - Nova Scotia Highlights, Fall 2012. |
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