The Canada Mortgage and Hosing Corporation (CMHC) has released their "Rental Market Report" for Kitchener-Cambridge-Waterloo and Guelph CMAs. The complete 2011 report can be downloaded (PDF) here.

Some highlights of this rental market documents include:

• The average vacancy rate in Waterloo Region and area (Kitchener CMA) moved lower to 1.7 per cent.

...

• More students and young adults renting and less movement into home ownership exerted downward pressure on rental vacancies in Waterloo and area.

• The average rent in 2011 for a two bedroom unit increased by 1.5 per cent compared to last year.

• In 2012, the vacancy rate in the Kitchener CMA is expected to move slightly higher to 1.9 per cent.

2011 Vacancy Rates by City in the Kitchener CMA:

• Waterloo 1.2%
• Kitchener 1.6%
• Cambridge 2.4%

The average rental apartment vacancy in Canada's 35 Major centres decreased to 2.2% in October 2011 compared to 2.6% in October 2010.

Other Canadian Cities:

• Regina  0.6%
• Guelph  1.1%
• Kingston  1.1%%
• Winnipeg  1.1%%
• London  3.8%
• Trois-Rivières  3.9%
• Moncton  4.3%
• Sherbrooke  4.7%
• Saint John  5.9%
• Abbotsford  6.7%
• Windsor  8.1%