Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

December 13, 2011 08:15 ET

Demand for Rental Units Higher in Windsor

WINDSOR, ONTARIO--(Marketwire - Dec. 13, 2011) - According to Canada Mortgage and Housing Corporation's Fall 2011 Rental Market Survey for the Windsor Census Metropolitan Area (CMA), the average vacancy rate moved lower to 8.1 per cent in October 2011, compared to 10.9 per cent in the previous year. On the basis of a sample of structures common to both the 2010 and 2011 surveys, the average two-bedroom rent showed negligible change.

"Reduced unemployment as well as less movement of renters to homeownership contributed to an increase in rental demand in the Windsor market this year. The Windsor vacancy rate has come down steadily since peaking in 2008," noted Paul Tessaro, CMHC Market Analyst for the Windsor CMA.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high 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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