Tuesday, March 9, 2010  
   Volume 80 - Issue 10 Website:www.passherald.ca   email: passherald@shaw.ca   $1.00   
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Quote of the Week
“I think a lot of people are under the impression that everything was shut down at the Centre.”
- Elizabeth Anderson  
- on Indoor Playground’s   
continued operation   

 

 
According to a provincial survey, rental units in the Pass are looking a little emptier than they have in the past.
The 2009 Apartment Vacancy and Rental Cost Survey, released recently by Alberta Housing and Urban Affairs, looked at 59 rural communities with populations between 1000 and 10,000. While the average vacancy rate rose from 3.8 percent in 2008 up to 8.1 percent in 2009, the Crowsnest Pass vacancy rate rose from 10.8 percent to 20.6 percent –– the highest vacancy rate in the last ten years, and significantly higher than the 1.4 percent rate in 2007.
The survey looked at four-plex units, apartment buildings, row-houses, store-top units, and larger multi-plex units. It did not survey single family houses that may be for rent.
 
Chief Administrative Officer Gordon Lundy, presenting the survey results to council, said that he found it interesting that rental costs have not gone down even though the vacancy rate has risen.
The survey presented a list of weighted rent costs by bedroom type. One-bedroom units were at $522, up significantly from $433 in 2007. Two-bedrooms are listed at $554, up from $487 in 2007. Three-bedrooms rose from $546 in 2007 to $695 in 2009. Bachelor units rose from $350 in 2007 to $425 in 2009.
... See the March 9 issue of the Pass Herald for the full story.
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   Volume 80 - Issue 10 Website:www.passherald.ca   email: passherald@shaw.ca   $1.00   
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