Private tennis courts, pet-friendly courtyards, patios, BBQs, high-end recreation centers with big screen televisions and pool tables, new state-of-the-art kitchen appliances, Jacuzzi tubs, whirlpools, walk-in closets, onsite shopping, nicely personalized dry-cleaning services can be located. All for that right selling.

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As conditions stand, the local rental market generally favors tenants over landlords, requiring property managers and real estate investors to accept lower returns and offer creative concessions in order to vie.

The average apartment vacancy rate in Canada decreased slightly in 2006 to two.6 percent, down 0.1 percent via year well before. The highest vacancy rates were obtained from Windsor (10.4 percent), Saint John (6.8 percent) and St. John's (5.1 percent). Meanwhile, the vacancy rates were primarily found out west, with Calgary (0.5 percent), Victoria (0.5 percent) and Vancouver (0.7 percent) being the cities but now least volume available villas.

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