Vacancy rates jump in North Battleford
Vacancy rates have increased in North Battleford, and at least one rental property company has noticed a trend of people leaving the region for other opportunities.
According to a recent report from the Canada Mortgage and Housing Corporation, vacancy rates for three or more bedroom apartments jumped up drastically in the city, from zero per cent in 2015 up to 12.6 per cent in 2016, higher than the rest of the province.
This hike is a concerning number, according to Ramona Maraj with Macro Properties, which operates roughly 250 apartment units in North Battleford.
“It is very concerning given Saskatchewan’s economic climate at this time,” Maraj said. “However, we are used to normal fluctuations in North Battleford throughout the year, based on people coming in or leaving for work, college attendance, or people buying houses.”