Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 19, 2014 08:15 ET

Vacancy Rate Edged Down in Seniors' Residences in Manitoba in 2014

WINNIPEG, MANITOBA--(Marketwired - June 19, 2014) - According to Canada Mortgage and Housing Corporation's (CMHC) 2014 Seniors' Housing Report released today, the overall vacancy rate in senior's rental residences in the province of Manitoba was 4.6 per cent in 2014, compared to 4.8 per cent in 2013.

Among the different bedroom types in Manitoba's seniors' rental residences, two-bedroom units reported the highest vacancy rate at 6.2 per cent in 2014, up from 4.2 per cent in 2013. This type of unit also saw its overall universe increase by 30 units since 2013 which contributed to the increase in vacancy rate. Bachelor spaces recorded the next highest vacancy rate at 5.9 per cent, down from 9.8 per cent one year earlier. The bedroom type with the lowest vacancy rate was one-bedroom units which also registered a decline, moving from 4.4 per cent in 2013 to 4.0 per cent in 2014.

CMHC's seniors' housing survey covered a total of 35 residences and 3,882 spaces in Manitoba in 2014, an increase of 2.3 per cent from the number of spaces surveyed 2013. The average rent charged for seniors' standard spaces of all types on a province-wide basis was $2,447 per month in 2014, compared to $2,378 in 2013. Rents ranged from $1,815 for a bachelor suite to $2,934 for two-bedroom and larger units.

There are a number of amenities and services typically offered at seniors' residences, which are not generally found in the purpose-built rental market. These amenities include medical services, on-site meal plans, and various entertainment and recreational activities. All residences included meal services in the rent with 51.6 per cent of all structures in this year's survey reporting the inclusion of two meals per day. This also represented a slightly higher proportion from 2013, when 50 per cent of structures offered this kind of plan. The other most common amenities available were exercise facilities, a 24-hour call bell, and transportation. On site medical services were available in 18.2 per cent of all structures while 15.1 per cent of all structures indicated having a registered nurse on-site.

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 www.cmhc.ca/housingmarketinformation.

Follow CMHC on Twitter @CMHC_ca

Additional data is available upon request

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Contact Information

  • Market Analysis Contact
    Dianne Himbeault, Senior Market Analyst
    (204) 318-1754
    dhimbeau@cmhc.ca

    Media Contact
    Charles Daniel Mainville, Senior Communications Consultant
    (403) 515-2915
    cdmainvi@cmhc.ca