Charlottetown rental crunch due to:
CBC:
"About 90 per cent of the 1,710 people who immigrated to P.E.I. [in 2017] to the end of August, settled in Charlottetown," the report reads.
Further pressure is being added to the Charlottetown market by seniors looking to downsize and a lack of new supply. Only about 100 apartments were added in Charlottetown in the last year, for a total of 5,138.
820 new apartment/condos are being added this year to help with the crunch.
apartment-vacancy-rate
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