Rental vacancy in Sask. reaching ‘dangerously low’ levels
The rental market vacancy rate in Saskatchewan is getting ‘dangerously low’ according to the Saskatchewan Landlord Association (SLA).
The latest report from Canada Mortgage and Housing Corporation said the overall vacancy rate in Regina has fallen to 1.4 per cent - the lowest level since 2013.
Saskatoon’s vacancy rate has dropped to two per cent.
“Saskatchewan is experiencing significant population growth and our rental market can’t build units fast enough to keep up with demand”, said Association CEO Cameron Choquette.
“There are areas of our major cities with vacancy below one per cent, which effectively means there are no places left to rent.”
The SLA said the report from CMHC indicates the price of rents has jumped 8.2 per cent across the province between October 2022 and October of 2023.
SLA recommended the PST be removed from purpose-built rental construction, and that the province should invest in a program to support renovating existing rental stock.
CMHC said the national vacancy rate for Canada’s primary rental market dropped to 1.5 per cent in 2023 - the lowest recorded rate in 35 years.
CTVNews.ca Top Stories
Police arrest 3 Indian nationals in killing of B.C. Sikh activist Hardeep Singh Nijjar
Three people have been arrested and charged in the killing of B.C. Sikh activist Hardeep Singh Nijjar – as authorities continue investigating potential connections to the Indian government.
TD worst-case scenario more likely after drug money laundering allegations: analyst
TD Bank Group could be hit with more severe penalties than previously expected, says a banking analyst after a report that the investigation it faces in the U.S. is tied to laundering illicit fentanyl profits.
Human remains found in rural Sask. possibly a decade old, RCMP say
RCMP say human remains found in a rural area in central Saskatchewan may have been there for a decade or more.
Police officer hit by driver of fleeing vehicle in Toronto
York Regional Police say they are continuing to search for a suspect in an auto theft investigation who was captured on video running over a police officer in Toronto last month.
Five areas Canada's foreign interference commissioner says needs more investigation
Commissioner Marie-Josee Hogue released her interim report examining foreign election interference on Friday. Here are five elements of the issue that Hogue says she needs to further probe before she can make conclusions or recommendations.
Drew Carey is never quitting 'The Price Is Right'
Drew Carey took over as host of 'The Price Is Right' and hopes he’s there for life. 'I'm not going anywhere,' he told 'Entertainment Tonight' of the job he took over from longtime host Bob Barker in 2007.
Why your airfare may be getting more expensive
Skyrocketing airfare prices are linked to heightened competition and rising food and fuel, according to the CAA.
Canadian doctor concerned new weight-loss drug Wegovy may be used inappropriately
As Wegovy becomes available to Canadians starting Monday, a medical expert is cautioning patients wanting to use the drug to lose weight that no medication is a ''magic bullet,' and the new medication is meant particularly for people who meet certain criteria related to obesity and weight.
2 charged after police find 'concerning and diverse' explosives at Manitoba home
Winnipeg police say they have arrested two people in their 20s after a large amount of explosives were found in a home outside of Winnipeg, Man.