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Kingston’s vacancy rate rises to 3.2 %, matches provincial average
By Alexandra Mazur Global News
Posted January 29, 2021 3:00 pm
Updated January 29, 2021 6:18 pm
"After years of low inventory in the city’s rental market, Kingston no longer has one of the lowest vacancy rates in Ontario.
According to the Canadian Mortgage and Housing Corporation (CMHC) 2020 Rental Report, Kingston’s vacancy rate jumped to 3.2 per cent in 2020, and now matches the provincial average.
CMHC says the fairly drastic change in the 2020 rate is a reflection of the increase in housing supply."
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