Rental vacancies drop in Fort St. John, skyrocket in Dawson Creek

Apartment vacancy rates in Fort St. John continued to decline in 2019 and skyrocketed in Dawson Creek, according to the Canada Mortgage Housing Corporation.

The two cities still have the highest vacancy rates in B.C., according to the agency's latest rental market report, which covers communities with more than 10,000 people.

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Fort St. John saw a vacancy rate of 13.5% in 2019, down from 16.7%, with average rents of $918 per month for all apartment types. 

In Dawson Creek, vacancies jumped from 9% to 17.5%, with average rents of $923.

Still, a two-bedroom apartment cost families an average of $1,016 a month in 2019 in Fort St. John. A two-bedroom in Dawson Creek rented for an average of $1,055. 

Both cities saw a drop in apartment inventory, down from 1,934 units to 1,853 in Fort St. John, and down from 997 units to 984 in Dawson Creek.

When it comes to townhouses, vacancy rates have dropped marginally to 9.5% in Fort St. John year over year, with average rents down slightly to $991.

In Dawson Creek, vacancies have skyrocketed from 6.6% to 20%, with rents steady at $1,212.

A two-bedroom townhouse rented for an average of $962 in Fort St. John last year, and $1,187 in Dawson Creek. 

The report did not provide data on the rental condo markets in either city. 

B.C. recorded an apartment vacancy rate of 1.5%, and 2.6% for townhouses.

Email Managing Editor Matt Preprost at editor@ahnfsj.ca.

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