The Canada Mortgage and Housing Corporation suggests that low interest rates may be one reason behind an increase in vacancy rates in Kenora.The most recent statistics show the vacancy rate was 3.9 percent in October, up from 0.8 percent the year before.
Warren Philp is a market analyst with the CMHC and says this is the first significant
increase in vacancy rates in four years.
On the flip-side, the average cost to rent a two bedroom unit in Kenora has gone up from 732 dollars last year to 799 dollars this year.
