According to the Canada Mortgage and Housing Corporation (CMHC), Saskatoon's overall apartment vacancy rate sat at 10.3 per cent in October. That's the highest vacancy rate in the city's history. Not surprisingly, the sky-high vacancy rate has put pressure on landlords to drop their rents. In comparison, Regina's apartment vacancy rate is much lower, at 5.5 per cent, which is unchanged from last year. While Saskatoon's vacancy rate leads the country's major centres, the CMHC said smaller locations like Fort McMurray and Lloydminster in Alberta and Estevan, Sask., are much higher.

Source: CBC News November 28, 2016 17:07 UTC