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.

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