In 2008, vacancy rates of private rental dwellings were at 2,8%, and the crystal ball of the Canadian Mortgage and Housing Corporation (CMHC) envisages a very light rise for 2009 with 3,0% to pass to 3,1% in 2010.
The average rent for all the categories of dwellings was 543 $ in 2008 in the region of Sherbrooke. It will pass to 555 $ in 2009 and next year, the same average rent should cost 10 $ more per month.
Dwellings are always very rare in the region of Quebec. An extremely low vacancy rate of 0,6% in 2008 and 2009, and the CMHC thinks that it should reach 0,8% only in 2010. Average rents in Quebec do not increase in proportion, as one could expect in a context of shortage of dwellings, whereas one speaks about 653 $ per month in 2008; 663 $ in 2009; and finally 673 $ in 2010.
The region of Montreal has known a fall of its vacancy rate passing from 2,4% in 2008 to 2,1% in 2009, to return to 2,4% in 2010, always according to forecasts from the CMHC. Foreseeable average rents: 659 $, 668 $, and 675 $ per month, for the respective years of 2008, 2009, and 2010.