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"Even with a large number of renters moving into home ownership, the vacancy rate has actually fallen. Demand for rental housing is being bolstered by immigration into the Toronto area. Furthermore, fewer apartments are being constructed, and it is expected that the vacancy "I he vacancy rate in the Toronto Census Metropolitan Area (CMA) was 1.8 per cent in Apnl 1994, according to Canada Mortgage and Housing Corporation‘s Rental Market Survey. This is down slightly from the 2.0 per cent recordâ€" ed in October 1993 and the 2.1 per cent observed a year ago. The 1.8 per cent rate means 18 out of every 1,000 privately initiated rental apartments in structures of three or more units were vacant and available for rent. "Strengthening housing demand, combined with a slowing of new rental supply coming on to the marâ€" ket, have contributed to Toronto‘s declining vacancy rate over the past year," said Jeff Brewitt, market anaâ€" lyst at CMHC‘s Toronto branch office. Countrywide 338â€"6550 Vacancy rate bolstered by immigration *Sales Representative . **Associate Broker ***Broker The number of rental units under construction in the Toronto CMA has declined. In 1993, rental completions peaked at over 80,000 units. It is expected that completions will numâ€" ber only 4,000 units in 1994 â€" a 50 per cent reduction. Most of the comâ€" rate will remain below two per cent throughout 1994 and into 1995." Toronto (City) Etobicoke York (City) East York Scarborough North York Metropolitan Toronto Toronto CGCensus Metropolitan Area Municipality/Area 280 North Service Road West Oakville Ontario LGM 255 Office Hours: Mon.â€"Fri. 9â€"9, Sat. 9â€"5 Huge eatâ€"in kitchen, 174‘ lot. Call Paul McCuaig* ceramic bathroom, _ VACANCY RATES IN THE TORONTO CMA PRIVATE APARTMENTS â€" THREE UN!TS AND OVER f APRIL 1994 tsÂ¥ En 4 21% 2.5% 1.8% 1.4% 1.8% 4 BEDROOM HOME | pletions have been governmentâ€" assisted nonâ€"profit and coâ€"operative units. In most submarkets within the Toronto CMA, the vacancy rate has remained stable or has fallen slightly. Vacancy rates within Metropolitan Toronto range from 1.4 per cent in Scarborough â€" the lowest of the six Countrywide Town Centre Realty Inc. 905â€"338â€"6550 2.1% 21% 1.4% 1.7% Apri/94 you are thinlkimg of Reall Estate Unbelievable lot, location C/A. Value! Lioyd Phinney® 338â€"6550 plus! Coronation Park, Municipality/Area Mississauga . _Brampton Oakville . Markham s Richmond HiIWaughan Aurora/Newmarket . York Region . Ajax/Pickering _ Canada Mortgage and Housing Corporation conducts its Rental Market Survey in April and October each year. Rents and vacancy rates are recorded in the October survey while in April only vacancy rates are monitored. Results of the April 1994 survey will be available in published form in late June 1993. Please conâ€" tact your local CMHC office for more information on your area. In Ontario, Hamilton‘s vacancy rate remained unchanged, while five Census Metropolitan Areas experiâ€" enced increases â€" Ottawa, St. Catharines/Niagara Falls, London, Sudbury, and Thunder Bay. Four Census Metropolitan Areas recorded slight declines â€" Toronto, Windsor, Kitchener, and Oshawa. Other major metropolitan centres reported the folâ€" lowing vacancy rates: Montréal (6.4), Victoria (3.0),; Calgary (6.3), Edmonton (9.1), Winnipeg (5.4), Quebec City (5.7) and Halifax (7.2). The vacancy rate for the Toronto CMA is forecast to remain at 1.8 per cent in October 1994. The vacancy rate for privately initiated apartment structures of three or four units in Canadian Census Metropolitan Areas was 4.6 per cent in April 1994, down from 4.8 per cent in October 1993, and unchanged from a year ago. The lowest vacancy rate was in Vancouver (1.4 per cent) while the highest was recorded in St. John‘s Newfoundland, (10.6 per cent). municipalities â€" to 2.1 per cent in the cities of Toronto and Etobicoke. Outside Metro Toronto, vacancy rates fell in Mississauga, Brampton, Ajax/Pickering, Newmarket, and Aurora. Vacancy rates in Markham (0.1 per cent) and Vaughan (0.2 per cent) continue to be the lowest in the Toronto CMA as well as some of the lowest in the country. Oct. /93 2.2% 1.5% 1.4% 0.0% 2.1% 0.9% 8.0%