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For Renters Resources for Renters Because the rental market in Yellowknife is so tight right now, we receive requests for help finding rental units almost daily. Unfortunately, because we don’t deal in residential rentals, the best we can do is compile renter resources in one place. And the best advice that we can give renters is to get your name […]
For Renters Yellowknife Rental Market Update, December 2022 For anyone thinking of moving to Yellowknife in 2023, understanding what’s going on in our local rental market is pretty important.  There is no one source for this information that is perfect, but CMHC’s annual Northern Housing Report is the most important piece of the puzzle.  CBC North reported on the new 2022 edition this […]
For Renters Ranking Yellowknife’s Apartment Buildings This and other articles about the Yellowknife real estate market are available in our e-newsletter.  Click on this link to sign up and receive our latest edition. Every year, we at Century 21 Prospect Realty receive dozens of phone calls and e-mails from folks inquiring about rental options in our fine city.  Rentals are not […]
For Renters Yellowknife Vacancy Rate Cut in Half This morning the CMHC released its Spring 2015 Rental Market Statistics Report.  Amazingly, Yellowknife’s rental apartment and townhouse vacancy rate was slashed from 5.3% a year ago to 2.4% this spring.  And the reduction would have been even greater had an additional 52 units not been added to the inventory. To get a sense of how […]
Education and Advocacy Alberta Government Tables Condominium Property Amendment Act Compared to many Canadian cities, Yellowknife’s condominium sector is still in the very early stages of its development.  We more or less began with the construction of Northern Heights in 1989 and it remains our only high-rise condo building (a bewildering fact – to be discussed in a future post).  Having said that, in recent years we’ve […]
Market Analysis Vacancy Rate Tightens Slightly in Fall 2014 After 3 straight years of increases, Yellowknife’s vacancy rate declined to 4.8% in the fall of 2014 according to the CMHC.  This dip of 0.5% still leaves renters with lots of options and shouldn’t have much of an impact on rents.  To put things in perspective, our average vacancy rate from 2007 to 2011 was 1.57% It is interesting to […]
For Renters Yellowknife Vacancy Rate Eases to 5.3% The CMHC released its bi-annual rental market statistics report this morning and it brings good news for Yellowknife renters.  The vacancy rate in townhomes and apartments has eased to 5.3%, a rate that we haven’t seen since the fall of 2009 – and then only briefly.  This marks the sixth straight reporting period with increasing […]
For Renters Buying vs. Renting in Yellowknife There are roughly 1,200 new people moving to Yellowknife each year. When moving to a new city, people often think hard about whether it makes sense to buy or rent. Renting offers greater flexibility and less to worry about in terms of maintenance and other costs, such as property taxes. That said, in our tight […]
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Yellowknife Vacancy Rate Unchanged at 3.6% The Canadian Mortgage and Housing Corporation recently released its fall 2013 rental market statistics and Yellowknife’s vacancy rate in apartments and townhomes came in unchanged since the spring at 3.6%.  It did rise substantially over the year, however, from 3.2% in October of 2012. It is interesting to note that the rental universe (total number […]
Education and Advocacy CMCH Condominium Buyer’s Guide Are you thinking of moving to Yellowknife and investing in a condo?  If so, you’re not alone.  Yellowknife rental rates are the second highest in Canada, yet our condo prices remain very competitive with other markets.  These two factors make condo ownership an attractive option.  But there are different rules and regulations that condo corporations […]
For Renters Are Vacancy Rates on the Rise in Yellowknife? As most Yellowknife renters know, the apartment vacancy rate in our city tends to be very low.  In the spring of 2011 it dipped as low as 0.7%.  It real terms this meant that of the 2,119 rental apartments and town houses in Yellowknife, only 14 were vacant at the time of the spring 2011 […]

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CENTURY 21 Prospect Realty

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