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Fort St. John apartment vacancies, rents rise

Townhome vacancy rates drop to 8.6%
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Apartment vacancy rates in Fort St. John grew to 12.7% last year, according to the Canada Mortgage Housing Corporation.

Vacancies of all apartment types in the city rose by more than a percentage point from 11.1% in 2020, while average monthly rents were reported at $941 last year, up from $914, according to the CMHC's rental market report.

A two-bedroom apartment cost families an average of $1,048 a month, up from $1,012 in 2020, while a one-bedroom unit rented for an average of $747.

The city saw a slight increase in its overall apartment inventory, up from 1,830 to 1,837 units.

When it comes to townhouses, vacancy rates dropped from 10.1% to 8.6% year over year, with average monthly rents up from $989 to $1,026.

A two-bedroom townhouse rented for an average of $974 last year, a three-bedroom for $1,125.

The CMHC report did not provide data on the city's rental condo market.

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