Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 23, 2010 09:15 ET

Manitoba's Vacancy Rate in Seniors' Rental Housing at 7.9 Per Cent

WINNIPEG, MANITOBA--(Marketwire - June 23, 2010) - According to Canada Mortgage and Housing Corporation's 2010 Seniors' Housing Report released today, the average vacancy rate in senior's retirement home units in the province of Manitoba reached 7.9 per cent. The survey considered all types of private and non-profit seniors facilities where the majority of residents are 65 years of age or older and have access to additional services not offered in traditional rental structures such as meal service, housekeeping, and laundry.

In the Winnipeg Census Metropolitan Area (CMA), the average vacancy rate for standard retirement spaces was 7.1 per cent, down slightly from 8.3 per cent a year prior. The rest of the province had a higher incidence of vacancies than the Winnipeg CMA in 2010, at 12.0 per cent.

Vacancy rates in Manitoba's retirement structures were highest in the smallest units, with bachelor suites across the province recording 13.4 per cent of units vacant at the time of the survey. Units renting for more than $2,500 per month recorded a vacancy rate of 16.3 per cent at the time of the survey.

By contrast, units with increasing bedroom counts were in greater demand, as vacancy rates for one and two or more bedroom units were 8.3 and 4.4 per cent, respectively. Those units commanding rents of less than $1,000 per month had a 3.2 per cent vacancy rate, while those with rents between $1,000 and $1,499 had only two per cent of the units vacant at the time of the survey.

On a province-wide basis, the average rent of standard spaces for all unit types was $2,112, but was subject to a substantial degree of variation. The highest rents were recorded in units with two or more bedrooms in Winnipeg at $2,607 per month. The lowest monthly rents were in bachelor units inside the City, which reported an average rent of $1,553.

As Canada's national housing agency, Canada Mortgage and Housing Corporation (CMHC) draws on over 60 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable homes—homes that will continue to create vibrant and healthy communities and cities across the country. For more information, visit www.cmhc.ca or call 1-800-668-2642.

Contact Information

  • CMHC Prairie and Territories Region.
    Lai Sing Louie,
    Regional Economist,
    403-515-2991
    llouie@cmhc-schl.gc.ca