Vacancy Rate Hits 7.8% in Prince Edward Island
From the archive. Written in 2013. Laws, figures and links may have changed since. For current Ontario rules, see what changed for Ontario landlords in 2026.
Came across this interesting piece this morning. The vacancy rate in Prince Edward Island’s urban centers hit 7.8%. According to the CMHC, this is a 3% increase versus last year. The number of vacant rental units in Charlottetown (the province’s capital) jumped to 8.7 per cent in April, which isa 5% increase in the same month last year. The CMHC cited the developments of new units as the biggest factor in the increase. No kidding.
The country’s a bit all over the place in parts when it comes to vacancy rates. Ottawa’s vacancy rate has increased. Hotbed Calgary has seen a significant decrease. Overall, Canada’s vacancy rate has seen a slight increase according to the CMHC.