Something I keep forgetting to mention when writing about the demolition of the Black Building and the Crescent Apartments…. The eviction notices for those rental units were sent out in November but the Canadian Housing and Mortgage Corporation does their housing survey in October.
So when we talk about Regina’s 0.6 per cent vacancy rate, that doesn’t account for nearly 60 units of housing lost to these demolitions.
And according to city staff tonight, a one per cent vacancy rate equals about 100 vacant apartments. So a 0.6 per cent vacancy rate would equal about 60 vacant apartments.
In other words, we may actually as of now have a vacancy rate of about 0.0 per cent.