New Brunswick vacancy rate hits lowest on record, rent costs soar

Breadcrumb Trail LinksThe IssuesNew BrunswickHousingDevelopmentLow vacancy rate of 1.5 per cent has helped push prices upAuthor of the article: John Chilibeck • Local Journalism Initiative reporterPublished Feb 01, 2024 • Last updated Feb 05, 2024 • 3 minute read Join the conversation The vacancy rate for apartments in New Brunswick has reached its lowest on record, with only 1.5 per cent of units available for rent in October 2023, according to the latest data from Canada Mortgage and Housing Corporation.Advertisement 2Story continues belowThis advertisement has not loaded yet, but your article continues below.THIS CONTENT IS RESERVED FOR SUBSCRIBERSSubscribe now to read the latest news in your city and across Canada.Unlimited online access to articles from across Canada with one account.Get exclusive access to the e-Edition, an electronic replica of the print edition that you can share, download and comment on.Enjoy insights and behind-the-scenes analysis from our award-winning journ...