Tuesday, December 16, 2014

Nanaimo Rental Vacancy & Rental Rates

CMHC released their fall Rental Market Indicators Report which is based on privately initiated apartment structures of three units and over. Single family dwellings and duplexes or suites would not be included in this report.

Comparing October 2013 with October 2014 Nanaimo's vacancy rate declined from 5.3% in 2013 to 4.4% in 2014 while average rents for a two bedroom apartment edged up from $806 to $812.

Vancouver Island Comparisons 
Average rent for a two bedroom unit (vacancy rate)

Campbell River $777 (4.8%)
Courtenay      $819 (1.7%)
Duncan         $759 (4.7%)
Nanaimo        $812 (4.4%)
Parksville     $766 (1.2%)
Port Alberni   $688 (5.6%)
Victoria      $1095 (1.5%)


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