Already-low P.E.I. vacancy rate slashed in half in just 1 year

The vacancy rate for bachelor apartments on the Island has fallen to zero

The apartment vacancy rate on P.E.I. continued its downward slide in 2022, falling from 1.5 per cent in 2021 to 0.8 per cent a year later.

The Canada Mortgage and Housing Corporation (CMHC) released its rental market survey for 2022 on Thursday, reflecting conditions prospective tenants were facing in October.

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