It's nearly impossible to find a place to rent. But retirement homes have room to spare
While Canada’s average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property much more likely to have a “for rent” sign out front: retirement homes.
![It's nearly impossible to find a place to rent. But retirement homes have room to spare](https://i.cbc.ca/1.7135936.1709764662!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/brett-sargon-new-zealand-curler.jpg)
![Brett Sargon, left, a curler from New Zealand living in Calgary with a couple of teammates to train and compete, plays shuffleboard with Pat Larson at the retirement residence where they are both living. When the team couldn't find affordable short-term accommodation in Calgary, Chartwell Colonel Belcher Retirement Residence reached out. Retirement homes have a much higher average vacancy rate than the rest of Canada's rental market. A young man wearing a black baseball cap and an older woman with white hair play shuffleboard.](https://i.cbc.ca/1.7135936.1709764662!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/brett-sargon-new-zealand-curler.jpg)
While Canada’s average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property much more likely to have a “for rent” sign out front: retirement homes.