Apartments: Vacancy Rates

Statistics last updated April 29, 2013.

Vacancy Rates for Two Bedroom Apartments, Nova Scotia and Selected Communities, 2007 to 2012

Key Points

  • The accepted industry standard for the vacancy rate is 3%, which is generally considered to represent equilibrium in the market. This means that there are enough choices for tenants and at the same time owners are enjoying strong occupancy levels
  • In 2012, the vacancy rate for two-bedroom apartments ranged from 6.9% in Truro to 3.2% in Halifax.

Vacancy Rates for Two Bedroom Apartments, Nova Scotia and Selected Communities, 2007 to 2012
Halifax CMA Cape Breton CA Kentville CA New Glasgow CA Truro CA Nova Scotia 10,000+
Oct-07 3.2% 3.2% 5.4% 3.9% 2.3% 3.2%
Oct-08 4.2% 2.8% 3.7% 3.1% 4.3% 4.0%
Oct-09 3.3% 1.1% 4.8% 1.1% 5.5% 3.4%
Oct-10 2.9% 2.6% 4.3% 2.5% 6.2% 3.2%
Oct-11 2.6% 3.3% 4.8% 2.3% 3.9% 2.8%
Oct-12 3.2% 3.7% 5.4% 3.7% 6.9% 3.7%
Source
Canada Mortgage and Housing Corporation, Rental Market Report - Nova Scotia Highlights, Fall 2012.

Download the data for this page in Excel format.


For any questions, comments, or suggestions, please contact the Policy, Planning, and Research division.