Sentences with phrase «rental vacancy rates for»

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Phoenix Arizona was 7.60 % according to Census ACS data.

Not exact matches

The vacancy rate for rental homes was 44.5 %, and jobs were hard to come by.

Scotiabank senior economist Adrienne Warren says condo supply also feeds demand for rental properties, a hot commodity in both Toronto and Vancouver, where vacancy rates are low.

Second, the cushion between the monthly rental rate and carrying cost will allow me to build up a reserve for repairs and / or vacancies (read emergency fund for the property).

«On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates.

In line with this, vacancy rates for rentals across Canada are exceptionally low, particularly in certain parts of British Columbia where vacancy rates have dipped to a record low of 0.3 per cent.

This list rewards communities that already have a strong immigrant population, employment opportunities, reasonable rental rates and apartment vacancies, considerations for any person looking to call Canada home.

That's because the vacancy rate in Winnipeg is a slim 1.2 %, while average rents for a two - bedroom apartment are priced at $ 900 a month, making the return on such rental properties very appealing for real estate investors.

We also factor in the most current rental market information, examining things like average cost to rent a 1 - bedroom apartment and the vacancy rates for each city.

This in turn will help boost the rental vacancy rates, keep rents flat, and make buying condos for investment purchases less attractive.

• The real estate calculator also accounts for an average vacancy and new tenant incentive rate (so you can account for this lowering estimated rental income).

That creates a big demand for rental properties, resulting in one of the lowest vacancy rates in the country and slowly rising rent prices.

Alaska as a whole experiences a 5.62 percent rental vacancy rate, and in areas such as Anchorage it is even lower at just over 4 percent, making the state appealing for potential landlords to meet demand.

«With lean for - sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,» Nothaft says.

According to the HVS report, national vacancy rates in the fourth quarter 2016 were 6.9 percent for rentals and 1.8 percent for homeowner housing.

· And according to Precarious: Temporary Agency Work in British Columbia, the rate of growth of short - term positions is significantly outstripping that of permanent ones: http://www.macleans.ca/economy/realestateeconomy/the-vacant-truth-about-rental-condos/ According to the Canada Mortgage and Housing Corp., the federal agency that insures lenders against mortgage losses while simultaneously serving as one of the main sources of real estate data in the country, the vacancy rate for condo rentals is just 1.3 per cent — about as close to zero as you can get.

The movement out of rental accommodation into homeownership continued in 2004 and the average apartment vacancy rate for major urban centres rose from 2.2 to 2.7 per cent.

The overall vacancy rate for Twin Cities apartments is 1.8 %, while average rental rates are up 4.2 % to $ 628, according to data from Apartment Search Profiles.

Tenants may think the government is looking out for tenant interests, but if that was true there would be no pandemic housing shortage, multiple offers, outrageous selling prices, extremely low vacancy rates, high rental tenant property taxes and eight - year affordable housing wait lists.

A new study says that rental housing supply will continue to diminish and vacancy rates will drop further unless at least 6,250 additional new rental units are built each year for the next decade in addition to new development.

Higher vacancy rates and / or decreased rental rates leads to lower income, and ultimately lower valuations, possibly causing trouble for these loans when it comes time to refinance.

I am not as familiar with the rental market in Woodbridge and am wondering what the vacancy rate looks like for those who do landlord in Woodbridge.

In line with this, vacancy rates for rentals across Canada are exceptionally low, particularly in certain parts of British Columbia where vacancy rates have dipped to a record low of 0.3 per cent.

We have the most current data about rental rates and vacancies down to the neighborhood level, so we can help establish what rental rate is appropriate for a potential property investment.

For those interested in investing in rental properties, you should know that vacancy rates tend to hover right around zero percent, meaning positive cash flow is almost a guarantee.

While vacancy rates are expected to drop, researchers found that rent growth for single family rentals is expected to slow to roughly 5.5 percent to $ 2,350 per month from 2016.

This dynamic, coupled with the low statewide rental vacancy rate of 1.5 percent, creates an extreme demand for affordable units at the low end of the market that isn't met by current rental housing stock.

«According to the Housing Vacancy Survey, the rental vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three dVacancy Survey, the rental vacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three dvacancy rate fell for the seventh straight year in 2016, dipping to 6.9 percent — its lowest level in more than three decades.

Data is also available below for Phoenix rental vacancy rates, Phoenix rent as a percent of median income and the fraction of renters in Phoenix.

The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter - occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.

Washington, D.C.'s low median age of housing inventory (54 days, nine days less than the national average), even lower vacancy rate (5.20 percent, about 23 percent less than the national average), and moderately high annual job growth rate of 2.19 percent indicate that demand for housing there is and will likely remain quite strong, making D.C. a profitable market for rental real estate investors for quarters to come.

Bend has an incredibly low vacancy rate and the competition among tenants for a good rental is red hot.

Banning them from short - term rentals was meant to preserve scarcely affordable units for Toronto's ultratight long - term rental market, which has a vacancy rate of less than 1 percent.

New apartment complexes have been built all over the nation to provide more housing, and due to this high demand for rental properties and lower vacancy rates, rent costs have increased.

That's particularly true of the national apartment sector, where a 5.8 % vacancy rate and rental growth that is outpacing the rate of inflation suggest investors are well positioned for healthy...

Regardless, with the 40 % rule, we're cash flowing roughly $ 2,200 / year; however, considering I will have higher quality tenants at 1,500 / month, the home is completely renovated, vacancy rates are less than 1 % and the only major repair looming (fingers crossed) is the roof, I think it could be realistic to have our total operating expenses (including insurance and taxes) at roughly 25 % gross rental income for the first few years, which should give a CAP of 9.11 % and COC on 20.73 %.

Vacancy rates for rental apartments remain low in the top six U.S. markets, despite an influx of new development.

«With continued low vacancy rates and a steady demand for rental units in the East Village District, we see this project as a fantastic opportunity to add to the vibrancy of this neighborhood.»

Some residents may not be able to afford another rent increase and may consider moving, even though the vacancy rate for SFRs continues to be low, with little competition from for - sale homes, rental apartments or other rental houses.

For office, the report is positive, classifying 32 downtown areas as being in the «expansion» phase, which includes strong demand, tight market conditions leading to low vacancy rates, robust rental growth and decreasing overall cap rates.

«Commercial real estate in B.C. continues to remain strong despite low vacancies, higher rental rates and economic pressure,» says Sheldon, a Realtor for over 16 years and past - chair of the Fraser Valley Real Estate Board's Commercial Division.

If I spend 30 minutes crafting an ultra-compelling Craigslist posting for one of my rental units, I might slice one month off my vacancy rate (for an extra $ 900) plus snag an extra $ 50 per month ($ 600 per year) in rent.

Typically, the interest rate for hard money loans against rental properties ranges between 9 and 12 percent, depending on the particular lender and various other factors that are involved (e.g., income production, vacancy rates, type of tenants, turnover, etc.).

(Offer your house furnished for + $ $) I stay aware of local market rental rates so I minimize vacancy.

The form includes sections for recording potential rental income, vacancy rates, and financial information about current loans or loans proposed for the property.

The outlook for vacancy rates for the next three years are lower, and the forecasted rental rate changes ae all higher, when compared to six months ago.

Compared with six months ago, the forecast vacancy rates for apartments in 2015, 2016, and 2017 are lower, and the forecast rental rate changes are all higher.

«On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates.

To pinpoint these promising places, we started with the nation's 75 largest metropolitan areas and ranked them based on average monthly rent, median household income for renters, residential rental vacancy rate and overall cost of living.