CMT Team·General·December 18, 2006Rental Market Getting Tight Rent’s going up. CHMC’s annual rental market survey shows nationwide vacancy at only 2.6%, with rents rising three times faster than inflation. Here’s some more stats*: Highest average rent: Toronto, Ontario ($1067) Lowest average rent: Saguenay, Quebec ($485) Highest vacancy rate: Windsor, Ontario (10.4%) Lowest vacancy rate: Calgary, Alberta (0.5%) Biggest rent increase: Calgary, Alberta (19.5%) * Study looks at two-bedroom (new and existing) units Over 10 million Canadians rent their homes, so demand will continue to boost prices. Given that, and today’s low interest rates, many renters may be smart to consider buying instead. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.