If you’re looking to rent an apartment in Thunder Bay, you’ll have more options, but paying a bit more.
Canada Mortgage and Housing Corporation is noting in it’s latest market report the overall vacancy rate rose to 4.9% this year, from 3.2-percent last year.
But, the average rent is $953, which is up by 5.3-percent.
The CMHC tells us this is due to more people moving into a home, and the number of apartments to rent is up.
The average bachelor apartment in Thunder Bay costs $666 to rent, with a vacancy rate of 7.7%, while three or more bedrooms cost $1.296, with a vacancy rate of 6%.