Not exact matches
Golden has at times insisted that the problem of
vacancy decontrol —
where landlords claim to make repairs to vacant
apartments to price them out of rent control — is not a real problem in his district but instead a worry for Manhattan legislators.
So Krueger and other senators pushed for repeal of a law, known as
vacancy decontrol, that removed limits on rent hikes for
apartments where tenants moved out and the rent exceeded $ 2,000 a month (now $ 2,700).
De Blasio wanted to eliminate
vacancy decontrol
where an
apartment can be removed from regulation once it reaches $ 2,500 per month.
Republicans passed a bill extending rent regulations for eight years, but leaving intact the process of
vacancy decontrol,
where apartments fall out of regulation when their monthly rent tops $ 2,500.
For those living in Toronto or Vancouver — or in Regina, Thunder Bay and Calgary,
where vacancy rates are an astonishingly low 1 % to 1.3 % — the possibility of finding a two - bedroom
apartment for $ 1,600 in the downtown core may seem ridiculous.
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...
Apartment vacancy is expected to hold at 5.8 %, according to Marcus & Millichap, but competition from single - family and residential condominiums being offered for rent by individual owners will hurt those markets
where for - sale residential construction was most active in recent years.
These has led to fully occupancies at these types of properties even in metropolitan areas
where cheaper
apartments have historically suffered from higher
vacancies.
Also 5 % on
Vacancy is low, unless you live in the area
where apartments are easily rented pretty much immediately.