Sentences with phrase «driven rental vacancy»
The housing shortage has driven rental vacancy rates to the lowest in living memory.
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Vacancies in rental properties are falling, and this sector is the driving force behind housing starts right now.
No surprise then that so many are opting to stay in the rental market a little longer, driving up average rents amid vacancy rates that are now below one per cent.
In addition to driving rental prices up and vacancy rates down, this trend disengages an increasing proportion of potential home buyers — evidenced by the lowest homeownership rate in almost 50 years.
Vacancy rates on rentals continue to fall, which is driving up prices.