The cost of rent is up in West Nipissing, but so too is the number of private apartments.
Rental Market tables recently released by Canada Mortgage and Housing Corporation show the vacancy rate was 0.5% last October.
That’s up from 0 % in October 2021.
This as the total rent for private apartments increased by $65 to $838.
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Comparable data is only published for one and two-bedroom apartments, which both increased year-over-year.
The total number of private apartments in West Nipissing was also up.
They increased by five to 406.
(Source: Canada Mortgage and Housing Corporation 2022 Rental Market Survey – select Ontario)