Vacancy Rate Up

The vacancy rate in Thunder Bay is up. According to the latest government figures, the rate in October was about 2 and a half per cent. A year ago at the same time it was about 1 per cent. Warren Philp of Canada Mortgage and Housing says it reverses a long downward slide.  Philp says the increase can be attributed to, among other things, more people moving from renting to owning their homes.