The cost of rent is up for most apartment types in North Bay while the vacancy rate is down.
Rental Market tables recently released by Canada Mortgage and Housing Corporation show the vacancy rate in the city was 2.1% last October.
That’s down from 2.7 % in October 2021.
This as rent increased for private bachelor, one and two-bedroom apartments.
The report shows bachelor apartments went up by about $40 to $691.
The increase for a one-bedroom apartment was $65, to $927 while two-bedroom apartments were up about $80 to $1,139.
Rent for three-plus bedrooms dropped $57 to $1,310.
Year-over-year, the total number of private apartments was down 16 to 3,128.
(Source: Canada Mortgage and Housing Corporation 2022 Rental Market Survey – select Ontario)
