Apartment vacancies in Weyburn were down in 2018, according to numbers from the Canada Mortgage and Housing Corporation.
Their latest report, which shows numbers from October, has the overall vacancy rate at 15.4 percent. This is a drop of 3.4 percent from October of 2017.
The report looks at the vacancy rates, rental prices, and inventory of apartments in the community, and ranges from bachelor apartments, one bedroom apartments, two bedroom apartments and three or more bedroom apartments.
The average rent for an apartment in Weyburn is also up by 12 dollars from 2017. It was $752 in 2018. All categories except for bachelor apartments saw an increase. Bachelor apartments actually dropped by six dollars. One bedroom. Two bedroom and three bedroom apartments all saw an increase, with the biggest increase for three bedroom apartments, which went up by $26.
The vacancy rates all declined in 2018, except for bachelor apartments, which remained steady at 18 percent. One bedroom apartments fell by 1.6 percent to 18.3. Two bedroom apartments were also down, falling to a vacancy rate of 12.2 percent. The largest vacancy rate was for three or more bedrooms, which was 38.4 percent, a decline of 4 percent from 2017.
The numbers are very different from what they were just five years ago in Weyburn. In October of 2013, the vacancy rate was 1.5 percent, and the average rent for an apartment was $806.