Saskatoon, SK – The Saskatchewan Landlord Association today released its first-ever comprehensive Jansen Mine Rental Market Report, revealing significant data on rental prices and vacancy in each urban municipality within ninety kilometres from the Jansen mine.
According to the report, the rental market in the region is experiencing a significant decrease in vacancy, driven by a combination of population growth and relatively few new rental units being built. The report includes statistics from over thirty urban municipalities and the Saskatchewan Housing Corporation.
Key Findings
- 962 rental units are spread throughout the region, with a diverse mix of units in apartment-style, row houses, and singe-family homes.
- Vacancy is sitting at 3%, with only 30 units available at the time of the report.
- Average in-place rents are at $1,011 per month, average asking rents are slightly hire at $1,111 per month.
- 1-bedroom units have average rents of $827, 2-bedroom units are currently at $990, and units with three or more bedrooms are at $1,213.
- Saskatchewan Housing Corporation and their local housing authorities also operate 768 social housing units across the region.
“Understanding the dynamics of the rental market in the region is essential for BHP’s current and future employees and contractors who are looking for a place to call home”, said Cameron Choquette, Chief Executive Officer of the SKLA. “This report provides valuable insights that will help communities in the region make informed decisions on building, development, and housing.”
The report also includes information on the hospitality sector, building permits, and total serviced lots available for development in the region.