Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 13, 2011 08:15 ET

Demand for Rental Apartments Higher in Hamilton and Brantford

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2011) - According to Canada Mortgage and Housing Corporation's (CMHC) Fall 2011 Rental Market Survey for the Hamilton and Brantford Census Metropolitan Areas (CMAs), the average vacancy rate in Hamilton moved lower to 3.4 per cent and in Brantford to 1.8 per cent, compared to 3.7 per cent in both markets in the previous year.

"Some households postponed purchasing a home this year and instead decided to stay in their rented apartment. This trend was more pronounced in Brantford than in Hamilton, leading to a larger drop in the vacancy rate there," said Sarah Fong, CMHC Senior Market Analyst for the Hamilton and Brantford area.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable, and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

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