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Brandon Sun - PRINT EDITION

Vacancy rates ease in city; rents continue to climb

Looking for an apartment in Brandon?

It’s getting a little easier to find someplace to live, but it’s a little more expensive, too, according to the latest report from Canada Mortgage and Housing Corp.

Brandon’s apartment vacancy rate was measured at 1.9 per cent in October, a substantial increase from the rock-bottom 0.7 per cent rate a year earlier.

That’s partly thanks to 55 new apartments that were added to Brandon’s inventory in October, CMHC says.

But Brandon’s vacancy rate is still below the provincial average, which was 2.4 per cent in October.

Rents in Brandon continue to climb, too, although the increases here were the lowest in any urban area in the province.

CMHC compares rents for identical units in October 2012 and 2013, to ensure that variables like the age of the building are not factors in calculating rent increases.

CMHC says Brandon’s rents for two-bedroom apartments have increased by about 1.6 per cent overall in the past year.

That’s well below the increases seen in Winnipeg (4.8 per cent), Thompson (4.1 per cent) and Steinbach (3.4 per cent). The average provincial rental increase was 4.6 per cent.

» Brandon Sun

RENT RUNDOWN

Average Brandon rents in October 2013 were:

• Bachelor: $479 (up from $451 a year before)

• One-bedroom: $592 (up from $570 a year before)

• Two-bedroom: $767 (up from $749 a year before)

• Three-bedroom plus: $1,019 (up from $992 a year before)

• Total: $720 (up from $695 a year before)

» Canada Mortgage and Housing Corp.

Republished from the Brandon Sun print edition December 13, 2013

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Looking for an apartment in Brandon?

It’s getting a little easier to find someplace to live, but it’s a little more expensive, too, according to the latest report from Canada Mortgage and Housing Corp.

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Looking for an apartment in Brandon?

It’s getting a little easier to find someplace to live, but it’s a little more expensive, too, according to the latest report from Canada Mortgage and Housing Corp.

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