Home-hunting in Guelph can be a difficult task, with a new report showing a lack of supply is continuing to contribute to the problem.
A recently released report from city staff shows the 2022 vacancy rate for all primary rental units in Guelph was 1.5 per cent, which is a drop from two per cent in 2021.
“The city of Guelph has continued to fall below a balanced and healthy vacancy rate of three per cent each year since 2011,” states the report, titled Growth Management and Affordable Housing Monitoring Report 2022. “After several years of rising vacancy rates between 2017 and 2021, vacancy rates declined in 2022.”
Bachelor apartments had the highest vacancy rate last year, at 5.3 per cent, while the lowest rate came in the category of three or more bedroom apartments, at 0.9 per cent.
