Rental Apartments in Cobourg

According to the Canada Mortgage and Housing Corporation (CMHC), the vacancy rate in Cobourg for rental apartments is 1.3%, up from 0.5% last year.  These numbers are for October in each year.  The average rent for a 2 Bedroom apartment was $1,063 – up from $1,011 in October 2017.  Although cheaper than Toronto, it’s not as much different as the cost of buying a house.  CMHC also reports on the number of apartments and the number of houses being built.  In October 2017, Cobourg had 31 bachelor apartments, 250 1 bedroom, 589 2 bedroom and 61 3 or more bedroom apartments for a total of 931, up from 920 a year earlier.  Note that these numbers exclude “row” houses.  The tables… Read complete articleRental Apartments in Cobourg