The vacancy rate in Thunder Bay is up. According to the latest government figures, the rate in October was about 2 and a half per cent. A year ago at the same time it was about 1 per cent. Warren Philp of Canada Mortgage and Housing says it reverses a long downward slide. Philp says the increase can be attributed to, among other things, more people moving from renting to owning their homes.
Thursday, December 12, 2013
Vacancy Rate Up
The vacancy rate in Thunder Bay is up. According to the latest government figures, the rate in October was about 2 and a half per cent. A year ago at the same time it was about 1 per cent. Warren Philp of Canada Mortgage and Housing says it reverses a long downward slide. Philp says the increase can be attributed to, among other things, more people moving from renting to owning their homes.
