|The growth of student housing has not kept pace with school growth. Kingston has the lowest vacancy rate in Ontario.
When we look for opportunities for Sage Condominium projects, we look at the local market. THE OVERALL VACANCY RATE FOR 1 TO 3 BEDROOM PLACES IN KINGSTON DECREASED IN 2018 TO 0.4%*. This is the lowest the vacancy rate has been in decondes, likely due to factors such as the number of students that move to Kingston to attend Queen’s University where there are only approximately 4,500 beds on campus and the heritage protected neighbourhoods surrounding the school.
With a limited supply of accommodations, rental rates in Kingston have moved up. Currently, Kingston has the 3rd highest rates in Ontario coming in behind only Toronto and Ottawa.