People are moving into the city faster than new homes can be built to accommodate them. The rental vacancy rate is at its lowest point ever, and the lowest of any major Canadian city. These issues have existed for a long time, but the arrival of Airbnb-type services has made it even more difficult for people to find housing.It’s about Charlottetown, where even the city’s mayor says housing availability has reached a crisis point.
Brown said rental housing shortages have been a significant issue in the P.E.I. capital for at least a decade. They’ve been exacerbated in recent years by a host of factors, including increasing post-secondary enrolments in the city and general population growth. Census data shows that Charlottetown’s population grew by 5.8 per cent between 2011 and 2016 – faster than any other community in Atlantic Canada.
For people who are able to find rental housing, the low supply means they’ll be paying more for it than they might in other communities, despite the average income in Charlottetown being below the national average.
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