Canada Mortgage and Housing released their statistics on rental properties today and while the rest of the province’s housing market is getting tight, in the Northwest, Kitimat and Prince Rupert still have a rather high vacancy rate.
The number of vacant units is declining slightly from a year ago, but is still rather high indicative of the struggling economies of the two northwest cities.
Vacancy rates in Prince Rupert in October of 2007 were listed as at 15%, down five percent from 2006’s 20% vacancy rate…
( from the blog a town called podunk, click on the link below to see the entire article atowncalledpodunk.blogspot.com/2 … 8160530718 ) –