2019 National Vacancy Rates for Canada
Updated: Apr 18, 2020
As Canada's Housing Market held strong in 2019, Hamilton and St. Catharines are great cities to invest in Rental Properties.
St. Catharines had a 2.3% Vacancy Rate which translates into Investors having a better pool of Tenants to work with and the opportunity for current market rents to go up.
Hamilton had a 9.3% Vacancy Rate which can be attributed to a few factors. There was a boom in new and affordable housing built around the Greater Hamilton Area that was great news for 1st Time Home Buyers. McMaster University opened new dorm units for student housing which created less student housing demand off Campus. There is still a very high demand for updated, renovated, clean, units which brings with it better Tenants. So much opportunity for Real Estate Investors in Hamilton and Niagara Region.
If you would like to know more about Investment Properties in Hamilton, St. Catharines and the Niagara Region, we are here to help! Call/Text 905.920.7886.