Cost of Living8:22Looking for a deal on a rental? Try a retirement home
While Canada’s average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property that likely has a “for rent” sign out front: retirement homes.
The Canada Mortgage and Housing Corporation (CMHC) said vacancy rates for standard spaces in retirement homes averaged 15.6 per cent the last time it surveyed them in 2021, ranging from as high as 26.8 per cent in Alberta and low as 6.3 per cent in Nova Scotia.
Although that CMHC data reflects conditions at the height of the pandemic, numbers
