Rooms up, rent down

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Rooms up, rent down

Apartment vacancies were up, while rent went down within the Wood Buffalo Region between April of last year compared to April 2009.
The April vacancy rate increased from just 0.1 % in '08 to 6.9 % in the same month of this year.
With more vacancies, the average two-bedroom rent in the region declined from $2,350 last April to $2,165 this year.
The total overall average rent, including bachelor, one, two and three bedroom apartments dropped by $105.
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