Primary Rental Market
Summary Statistics

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  1. Historical Time Periods
  2. Current Geography

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Thunder Bay (CY) — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 1.1 a ** 517 a 530 a ** 5,796
1991 October 1.0 a ** 549 a 570 a 5.2 b 5,710
1992 October 2.5 a ** 558 a 575 a 5.6 a 5,675
1993 October 2.8 a ** 582 a 600 a 3.0 b 5,710
1994 October 4.2 b ** 591 a 600 a 1.4 a 5,530
1995 October 6.1 b ** 598 a 610 a 0.9 d 5,558
1996 October 5.5 b ** 610 a 625 a ++ 5,468
1997 October 8.0 b ** 608 a 600 a ** 5,405
1998 October 9.3 b ** 596 a 600 a -1.2 d 5,419
1999 October 7.7 b ** 595 a 600 a ++ 5,371
2000 October 5.7 b ** 607 a 600 a 1.2 d 5,818
2001 October 5.8 b ** 607 a 600 a ++ 5,822
2002 October 4.7 b ** 612 a 607 a 1.4 a 5,796
2003 October 3.3 b ** 629 a 625 a 1.7 b 5,745
2004 October 5.0 a ** 617 a 610 a 1.9 c 5,763
2005 October 4.9 b 6.1 a 629 a 625 a ** 5,726
2006 October 5.2 b 6.2 a 639 a 638 a 2.2 b 5,749
2007 October 4.1 a 4.7 a 652 a 650 a 1.5 c 5,733
2008 October 2.9 a 3.5 a 664 a 668 a 2.2 a 5,625
2009 October 3.2 a 3.9 a 686 a 690 a 3.3 b 5,620
2010 October 2.4 a 3.0 a 708 a 695 a 2.4 a 5,524
2011 October 1.7 a 2.8 a 723 a 704 a 3.1 b 5,580
2012 October 1.4 a 2.3 a 764 a 750 a 5.4 b 5,587
2013 October 2.8 a 3.8 a 797 a 795 a 4.4 b 5,562
2014 October 2.5 a 3.4 a 832 a 816 a 3.8 b 5,601
2015 October 4.4 a 5.0 a 866 a 850 a 2.6 b 5,659
2016 October 5.2 a 5.6 a 883 a 852 a 1.6 c 5,709
2017 October 3.2 b 3.6 b 895 a 885 a 3.5 c 5,741
2018 October 5.1 a ** 971 a 938 a 6.5 b 5,781
2019 October 3.6 b ** 1,003 a 981 a 3.5 c 5,847
2020 October 4.0 b ** 1,029 a 1,000 a 2.1 b 5,910
2021 October 3.5 b ** 1,053 a 1,010 a 3.0 c 5,999
2022 October 1.8 b ** 1,102 a 1,075 a 7.5 c 6,216
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a - Excellent, b- Very good, c - Good, d - Fair (Use with Caution)
  • ** Data suppressed to protect confidentiality or data not statistically reliable
  • ++ Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
  • - No units exist in the universe for this category
  • n/a: Not applicable
Source: CMHC Rental Market Survey (opens in new window)