11-28-2017, 05:49 PM
Yeah, I suggest people take a look at the CMHC report:
https://www03.cmhc-schl.gc.ca/catalog/pr...fm?lang=en&cat=101&itm=3&sid=PCm9J3pksFSSmD7jH8MwvndAmdqT9JbFamqsCymOzODfHwdEauo0fExOnRZ0RyWu&fr=1511905121773
(If that doesn't work, go here, and click on Kitchener)
The doom and gloom people could point to the vacancy in Waterloo going up to 2.3%, but the vacancy across the region going down clearly indicates that we can continue to absorb more housing. Rents are still highest in Waterloo, so we might see some decent downward pressure on rental rates. And indeed, the data bears this out, with Waterloo having the lowest increase in average rents in the last year. (2.8% increase vs CMA average of 3.3%)
https://www03.cmhc-schl.gc.ca/catalog/pr...fm?lang=en&cat=101&itm=3&sid=PCm9J3pksFSSmD7jH8MwvndAmdqT9JbFamqsCymOzODfHwdEauo0fExOnRZ0RyWu&fr=1511905121773
(If that doesn't work, go here, and click on Kitchener)
The doom and gloom people could point to the vacancy in Waterloo going up to 2.3%, but the vacancy across the region going down clearly indicates that we can continue to absorb more housing. Rents are still highest in Waterloo, so we might see some decent downward pressure on rental rates. And indeed, the data bears this out, with Waterloo having the lowest increase in average rents in the last year. (2.8% increase vs CMA average of 3.3%)