Vacancy rate drops

The overall apartment vacancy rate has dropped slightly in Williams Lake.

According to the latest Canada Mortgage and Housing Corporation Rental Market Report the overall apartment vacancy rate has dropped slightly in Williams Lake.

In April 2012 it was 10.7 per cent, down from 11.8 per cent in 2011.

When it comes to vacancy rates for private apartments, Williams Lake sits at zero per cent for bachelor apartments, 6.5 per cent for one-bedrooms, 11.6 per cent for two-bedrooms, and 24 per cent for three-bedrooms.

The average private apartment rents have dropped slightly from $641 in April 2011 to $635 in April 2012.

The only exception is with one-bedrooms, where the average rent was $553 in April 2011, increasing to $568 in April 2012.

Rents have also dropped for private row and apartment rents going from $470 for a bachelor suite in April 2011 to $436 in April 2012, from $672 for a two-bedroom in April 2011, down to $659 in April 2012, and $812 for a three-bedroom in April 2011, to $783 in 2012.

The only increase was for one-bedrooms, which averaged $552 in April 2011 and increased to $566 in April 2012.