TORONTO, ONTARIO--(Marketwire - Dec. 13, 2012) - Canada Mortgage and Housing Corporation (CMHC) released its Fall Rental Market Report for the Barrie Census Metropolitan (CMA) today. Offsetting impacts on demand meant that there was no statistically significant change in the vacancy rate. On the basis of a fixed sample of structures common to both the 2011 and 2012 surveys, the average rent for two-bedroom apartments increased, but only by 1.6 percent.
"Stronger employment meant demand for rental accommodations from youth increased, but the movement of renters into ownership offset that increase, keeping total rental demand unchanged" said Abdellah Massaoudi, CMHC Market Analyst for the Barrie area. "The primary rental market in Barrie is relatively small. Most rental demand has been satisfied by the secondary rental market which provides about two-thirds of the supply of rental accommodations."
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.
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