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Fewer people moving to home ownership in Hamilton combined with more 4 Supply Factors
residents moving to the area supported rental demand in 2010.
Aweaker economy in Brantford led to some residents moving elsewhere for 4 Rental Market Outlook
work and fewer young people moving into rental accommodations.
5 National Overview
The vacancy rate will edge lower to 3.5 per cent in both Hamilton and
Brantford in 2011. 6 Survey Zone Maps
Figure 1
8 Survey Zone Descriptions
N
The 2010 apartment vacancy rate
for the Hamilton CMA is: 3.7% 10 Rental Market Report
Tables
Burlington
1.3%
Central
7.2%
West End Downtown
3.5% 4.0% Central East
Ancaster, Dundas,
5.7%
Flamborough,
Glanbrook East End SUBSCRIBE NOW!
1.9% 3.7%
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4.2% Stoney Creek conveniently on the Order Desk at
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4.0% 2010 vacancy rate for Downtown
products is available for free.
Vacancy rate in 2010 the same as 2009
Vacancy rate in 2010 higher than 2009
Vacancy rate in 2010 lower than 2009 0 2 4 8 Km
Figure 2
N where the number of MLS® sales
The 2010 apartment vacancy rate
for the Brantford CMA is: 3.7% decreased notably during the second
and third quarters of 2010.
6
Also, a weaker economy has resulted Brantford
Demand Factors
2
A
ownership slowed
0
Less movement of renters into 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
homeownership supported rental Source: CMHC
Figure 4
Percentage Change (%) of Average Rent for both the 2009 and 2010 surveys.
This measure eliminates the impact
Percentage Change (%) of Average Rent
2010 Private Apartment Estimate of
2.7
Brantford
2.5 and focuses on the change due to a
change in market conditions.
2.0
2.1
1.4
1.4
1.4
1.3
1.3
1.0 respectively. Both centres posted
1.1
rent increases below provincial
0.5 guideline amounts of 2.1 for 2010.
Below-guideline increases this year
0.0 indicate that there was some pressure
2007 2008 2009 2010 to retain and attract tenants, given
Source: CMHC
above average vacancy rates in both
Increased migration tends to support less experience than other workers. Hamilton and Brantford
rental demand, particularly when the Similar trends have been identified
Rental affordability improves
migrants are in the prime renting age in Brantford where part-time
group. employment is rising, but full-time in Hamilton
employment is declining. Much of this The rental affordability indicator is a
In Brantford, while there were is attributed to the closing of plants
almost 300 new residents due to gauge of how affordable a rental market
in the manufacturing sector, which is for those households renting within
migration between 2008 and 2009, accounts for over one-fifth of all jobs
there was more movement out over that market. In general, as the indicator
in Brantford. increases, the market becomes more
the past two years by those aged 18
to 24. Modest increase in rents affordable; as the indicator declines,
the market becomes less affordable. In
Weak job prospects for young The measure for rent increases is Hamilton, the indicator increased from
people strictly based on structures which 110 to 115 this year.The improvement
were common to the survey sample in affordability can be partially attributed
Another factor holding back some
people from moving into rental is Figure 5
the youth employment rate. The Affordability Increased in Hamilton
employment rate for people aged
25 to 44 recently began rising for 130
Change in 3-yr m.a. Median Income
the first time after a steady decline 14%
Change in Median Rent
over the past few years. While better Rental Affordability Indicator 120
job prospects enticed some into
homeownership in 2009, others 110
4%
% Change
100
their rental accommodation.Younger
people, aged 15 to 24, who are
-6% 90
or will be moving into the rental
market in Hamilton have faced more 80
difficulty securing employment.
Weaker economic conditions this -16% 70
year have hampered job growth, and 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
younger people typically are most Source: Statistics Canada Survey of Labour and Income Dynamics, CMHC
affected because they usually have
to the only modest increase in rents and no units exist in the universe for decreased this year to 6.8 per
paid for by tenants.The increase in apartments completed after 2000. This cent, indicating that fewer rental
incomes was more significant since suggests that the rental stock is aging units were back on the market for
the three-year moving average median in Brantford given the persistently rent as compared to a year ago.
income rose by 5.7 per cent.This low vacancy rate of three-bedroom The availability rate has moved, for
combined effect resulted in improved apartments over the past decade, and the most part, in parallel motion
affordability for renters, allowing renters there may be a need for more stock in with the vacancy rate. In 2010, it
to either stay in their rental units or this category. did not move down quite as much
move up into a bigger apartment. as the vacancy rate, suggesting
Townhouse vacancy rates that landlords were slightly more
The affordability indicator is not decline in Hamilton but rise in successful in replacing tenants who
available for Brantford due to a lack of Brantford had given notice than they had been
required data for that centre. the year before.
While the overall supply of
Supply Factors townhouses in the rental market In Brantford, the gap between the
survey did not change this year in availability rate and the vacancy
Condo completions draw Hamilton, the number of vacant rate widened. Both the availability
demand from the purpose- units declined. The vacancy rate for rate and vacancy rate rose, but the
built rental market townhouse rentals moved lower increase in the number of vacant
from 3.8 per cent to 2.2 per cent, units was more restrained. Again, this
The number of completed suggesting that there was stronger suggests that landlords were able to
condominium apartments and demand for townhouses this year. find new tenants despite the higher
townhouses has doubled this This was especially evident in the number of available units coming
year in Hamilton, offering some two-bedroom townhouse market, back to the market.
competition to the purpose-built where the number of vacant units
rental market. Renters looking for decreased despite increasing supply. Rental Market Outlook
higher priced rental dwellings with There were only 12 two-bedroom
more updated amenities will likely find townhouse units vacant at the time Apartment vacancy rates for
more options in the condominium of the survey. Hamilton will move lower in 2011 to
rental market than in the purpose- 3.5 per cent, and the average two-
built rental market. In addition, In Brantford, the vacancy rate for bedroom apartment rent will rise
some first-time buyers would have townhouse rentals increased to by one per cent. The affordability
taken up occupancy of newly built 5.5 per cent from 4.8 per cent last level of the rental market will
condominium units, thereby putting year. There was more supply in the continue to attract people to move
upward pressure on vacancy rates. market this year as evidenced by into rental apartments or remain in
Total condominium apartment and the larger universe of townhouse their current units. Also, a steadily
townhouse completions between rentals. However, the movement improving economy – especially for
October 2009 and September 2010 into ownership was also a factor. those aged 25 to 44 – will continue
(the period between last year’s and Townhouse rents are among the attracting migrants to the Hamilton
this year’s Rental Market Survey) highest in the market, and tenants in area domestically and internationally,
were 1108 units – up from 550 last these dwellings would typically move some of whom will be looking to
year. In Brantford, there were 38 new into the ownership market next. rent initially upon arrival.
condominium completions.
Fewer people moving out in In Brantford, the apartment vacancy
There were no new purpose-built Hamilton and vacancies filled rate will also move lower to 3.5 per
rental units added to the survey in Brantford cent, as higher home prices in the
universe in Hamilton this year, resale market will discourage renters
and only a handful of new rental Another important indicator for from entering into home ownership.
completions in Brantford. New rental the rental market is the availability The average rent will rise by 1.5 per
units completed after 1990 are scarce rate. The availability rate in Hamilton cent next year.
The Canadian average two-bedroom cent). These increases reflect the tight Guelph 4.1 3.4
rental market conditions prevailing in Halifax 2.9 2.6
rent in new and existing structures Hamilton 4.0 3.7
was $860 in 2010 compared to $836 these CMAs. Average rents in existing
Kelowna 3.0 3.5
in 2009. With respect to the CMAs, structures decreased in Calgary (-2.7
Kingston 1.3 1.0
the highest average monthly rents per cent), and Windsor (-0.4 per
Kitchener 3.3 2.6
for two-bedroom apartments in new cent).
London 5.0 5.0
and existing structures in Canada’s Moncton 3.8 4.2
CMHC’s October 2010 Rental Market
major centres were in Vancouver Montréal 2.5 2.7
Survey also covers condominium
($1,195), Toronto ($1,123), Calgary Oshawa 4.2 3.0
apartments offered for rent in Ottawa 1.5 1.6
($1,069), Ottawa-Gatineau (Ontario
Calgary, Edmonton, Montréal, Ottawa, Peterborough 6.0 4.1
Part $1,048),Victoria ($1,024), and
Québec, Regina, Saskatoon, Toronto, Québec 0.6 1.0
Edmonton ($1,015).These are the
Vancouver, and Victoria.Vacancy rates Regina 0.6 1.0
only major centres with average rents
for rental condominium apartments Saguenay 1.5 1.8
at or above $1,000 per month. The Saint John 3.6 5.1
were 2.0 per cent or below in 6
lowest average monthly rents for Saskatoon 1.9 2.6
of the 10 centres surveyed. Rental
two-bedroom apartments were in Sherbrooke 3.9 4.6
condominium vacancy rates were the
Trois-Rivières ($533), Saguenay ($535) St. Catharines-Niagara 4.4 4.4
lowest in Saskatoon (0.9 per cent),
and Sherbrooke ($566). St. John's 0.9 1.1
Regina (1.4 per cent) and Victoria (1.6
Thunder Bay 2.3 2.2
Provincially, the highest average per cent). The highest vacancy rates Toronto 3.1 2.1
monthly rents were in Alberta for rental condominium apartments Trois-Rivières 2.7 3.9
($1,036), British Columbia ($1,019) occurred in Edmonton (5.2 per cent), Vancouver 2.1 1.9
and Ontario ($980), while the lowest Calgary (5.2 per cent) and Montréal Victoria 1.4 1.5
monthly rents were in Québec (4.2 per cent). The highest average Windsor 13.0 10.9
($666), Newfoundland and Labrador, monthly rents for two-bedroom Winnipeg 1.1 0.8
and New Brunswick (both $668). condominium apartments were in Total 2.8 2.6
1
Major centres are based on Statistics Canada Census Metropolitan Areas (CMAs) with the exception of the Ottawa-Gatineau CMA
which is treated as two centres for Rental Market Survey purposes and Charlottetown which is a Census Agglomeration (CA).
H I GHWAY
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Burlington
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Rental Market Report - Hamilton and Brantford CMAs - Date Released - Fall 2010
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01 - Downtown 06 - Mountain
02 - Central East 07 - Grimsby & Stoney Creek
03 - East End 08 - Burlington
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Flambo, Glanbrook
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Rental Market Report - Hamilton and Brantford CMAs - Date Released - Fall 2010
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4
Municipal Boundaries*
0 1.25 2.5 5 7.5
* 2006 Census boundaries, Statistics Canada Km
7
Rental Market Report - Hamilton and Brantford CMAs - Date Released - Fall 2010
Available in the Quebec, Montreal, Ottawa, Toronto, Regina, Saskatoon, Edmonton, Calgary, Vancouver
and Victoria Reports
Rental Condominium Apartment Data *
4.1.1 Rental Condominium Apartments and Private Apartments in the RMS - Vacancy Rates (%)
4.1.2 Rental Condominium Apartments and Private Apartments in the RMS - Average Rents ($)
4.1.3 Rental Condominium Apartments - Average Rents ($)
4.2.1 Rental Condominium Apartments and Private Apartments in the RMS - Vacancy Rates (%) by Building Size
4.3.1 Condominium Universe, Rental Units, Percentage of Units in Rental and Vacancy Rate
4.3.2 Condominium Universe, Rental Units, Percentage of Units in Rental and Vacancy Rate by Building Size
Available in the Montreal, Toronto, Vancouver, St. John’s, Halifax, Quebec, Barrie, Ottawa, Regina,
Saskatoon, Calgary, Edmonton, Abbotsford, Kelowna and Victoria Reports
Secondary Rented Unit Data
5.1 Secondary Rented Unit Average Rents ($) by Dwelling Type
5.2 Estimated Number of Households in Secondary Rented Units and Estimated Percentage of Households in Secondary
Rented Units by Dwelling Type
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
1.1.3 Number of Private Apartment Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Hamilton CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Downtown Core 64 b 786 199 a 5,713 141 a 3,509 6 c 147 409 a 10,154
Central East ** 160 117 b 1,645 56 b 1,518 ** 164 198 b 3,487
East End ** 48 62 b 1,556 98 b 2,818 12 b 298 177 a 4,720
Central 12 c 233 92 b 1,266 95 c 1,118 8 d 244 207 b 2,861
West End 2 b 96 38 a 1,151 38 b 958 7 a 203 85 a 2,408
Mountain 9 c 236 122 b 3,034 133 b 3,609 39 d 371 302 b 7,250
Hamilton City (Zones 1-6) 111 b 1,558 631 a 14,365 560 a 13,529 76 b 1,428 1,378 a 30,880
Grimsby and Stoney Creek 4 b 68 19 a 543 27 a 726 4 b 78 54 a 1,414
Burlington ** 91 23 a 2,514 72 a 4,595 11 a 761 107 a 7,960
Ancast./Dundas/Flambor./Glanbrk. 1 a 31 18 a 613 10 a 878 ** 56 29 a 1,578
Hamilton CMA 117 b 1,747 691 a 18,035 670 a 19,728 91 a 2,323 1,568 a 41,832
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
2.1.3 Number of Private Row (Townhouse) Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Hamilton CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Downtown Core n/u n/u n/u n/u n/s n/s n/u n/u n/s n/s
Central East n/u n/u n/u n/u n/s n/s n/u n/u n/s n/s
East End ** ** ** ** 8 a 218 12 a 352 20 a 573
Central n/u n/u ** ** ** ** ** ** ** **
West End n/u n/u n/u n/u n/u n/u n/u n/u n/u n/u
Mountain n/u n/u n/u n/u ** 116 14 c 532 17 c 649
Hamilton City (Zones 1-6) ** ** ** ** ** 338 26 a 887 37 b 1,242
Grimsby and Stoney Creek n/u n/u n/u n/u ** ** ** ** ** **
Burlington ** ** ** 12 1 b 559 ** 804 ** 1,376
Ancast./Dundas/Flambor./Glanbrk. ** ** ** ** ** ** ** ** 1 a 50
Hamilton CMA ** ** ** 36 12 a 920 50 c 1,836 63 c 2,805
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
1
2.1.5 Private Row (Townhouse) Estimate of Percentage Change (%) of Average Rent
by Bedroom Type
Hamilton CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09
Centre
to to to to to to to to to to
Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10
Downtown Core n/u n/u n/u n/u n/u n/u n/u n/u n/u n/u
Central East n/u n/u n/u n/u n/u n/u n/u n/u n/u n/u
East End n/u n/s n/s ** ** 4.5 b ++ 2.9 c ++ 4.7 b
Central n/u n/u ** ** ** ** n/s n/s ** **
West End n/u n/u n/u n/u n/u n/u n/u n/u n/u n/u
Mountain n/u n/u n/u n/u 1.3 a ** ++ ++ ++ ++
Hamilton City (Zones 1-6) n/u n/s ** ** 1.3 a 3.4 d ++ 2.8 c ++ 3.9 d
Grimsby and Stoney Creek n/u n/u n/u n/u ** ** ** ** ** **
Burlington ** ** ** ** 1.8 b 2.8 c ++ 2.9 b ++ 3.3 c
Ancast./Dundas/Flambor./Glanbrk. ** ** ** ** ** ** n/s n/s ** **
Hamilton CMA ** ** ++ ++ 1.5 c 2.9 c ++ 2.7 b ++ 3.3 c
1
The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey sample for both years.
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
3.1.3 Number of Private Row (Townhouse) and Apartment Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Hamilton CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Downtown Core 64 b 786 199 a 5,713 141 b 3,509 6 c 147 409 a 10,154
Central East ** 160 117 b 1,645 56 b 1,518 ** 164 198 b 3,487
East End ** 49 62 b 1,559 106 b 3,035 24 a 650 197 a 5,293
Central 12 c 233 92 b 1,279 95 c 1,122 8 d 247 207 b 2,881
West End 2 b 96 38 a 1,151 38 b 958 7 a 203 85 a 2,408
Mountain 9 c 236 122 b 3,034 135 b 3,725 53 b 903 319 b 7,899
Hamilton City (Zones 1-6) 111 b 1,559 631 a 14,381 571 a 13,867 102 a 2,315 1,415 a 32,122
Grimsby and Stoney Creek 4 b 68 19 a 543 27 a 730 5 a 210 55 a 1,550
Burlington ** 93 23 a 2,525 73 a 5,154 34 c 1,564 131 a 9,337
Ancast./Dundas/Flambor./Glanbrk. 1 a 40 19 a 622 10 a 897 ** 69 30 a 1,628
Hamilton CMA 117 b 1,759 692 a 18,071 682 a 20,648 141 b 4,159 1,631 a 44,637
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
3.1.5 Private Row (Townhouse) and Apartment Estimate of Percentage Change (%) of Average Rent 1
by Bedroom Type
Hamilton CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09
Centre
to to to to to to to to to to
Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10
Downtown Core 1.3 a 1.3 a 1.0 a 1.1 a 0.7 a 0.6 b ** ** 1.0 a 0.7 b
Central East ++ ++ 2.0 c ++ 1.9 c ++ 1.2 a 1.0 a 1.8 c ++
East End ++ ++ 0.5 b 0.9 a ++ ++ ++ 0.8 d 1.4 a ++
Central ++ ++ 1.2 d 1.2 d 2.4 c 1.9 c ++ ++ ++ 1.5 c
West End ++ ++ 1.5 c 3.3 d 0.7 a 2.8 b ** 1.3 d ++ 3.2 d
Mountain ** ++ 1.5 a ++ 1.2 a ++ ++ 0.7 a 0.9 d ++
Hamilton City (Zones 1-6) ++ 1.5 d 1.2 a 0.9 a 1.1 a 0.6 a ++ 1.3 a 1.3 a 0.9 a
Grimsby and Stoney Creek ++ ++ ++ ++ 1.0 a ++ 0.5 a 0.7 a ++ ++
Burlington 1.5 a ** 2.3 b 3.0 c 1.4 a 2.6 a 1.6 c ** 1.5 b 2.4 a
Ancast./Dundas/Flambor./Glanbrk. ** 1.1 d 1.9 c ++ ** 1.8 c ** ** ** 1.1 a
Hamilton CMA ++ 2.0 c 1.5 a 1.3 a 1.2 a 1.1 a 0.9 a 1.7 c 1.3 a 1.2 a
1
The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey sample for both years.
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
1.1.3 Number of Private Apartment Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Brantford CMA ** 148 62 b 1,446 99 b 2,491 10 c 544 172 b 4,628
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
1
1.1.5 Private Apartment Estimate of Percentage Change (%) of Average Rent
by Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09
Centre
to to to to to to to to to to
Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10
Brantford CMA 1.5 d ++ 1.3 a ++ 1.1 a 2.1 c 4.9 d ++ 1.4 a 1.4 a
1
The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey sample for both years.
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
2.1.3 Number of Private Row (Townhouse) Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Brantford CMA n/u n/u n/u n/u ** 192 23 b 501 38 b 693
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
1
2.1.5 Private Row (Townhouse) Estimate of Percentage Change (%) of Average Rent
by Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09
Centre
to to to to to to to to to to
Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10
Brantford CMA n/u n/u n/u n/u 2.0 c 1.9 c 2.4 a 1.9 a 2.3 a 1.7 b
1
The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey sample for both years.
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
The following letter codes are used to indicate the reliability of the estimates (cv = coefficient of variation):
a - Excellent (0 cv 2.5), b- Very good (2.5 < cv 5), c - Good (5 < cv 7.5), d - Fair (Use with Caution) (7.5 < cv 10)
** Data suppressed to protect confidentiality or data not statistically reliable.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
3.1.3 Number of Private Row (Townhouse) and Apartment Units Vacant and Universe in October 2010
by Zone and Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Zone
Vacant Total Vacant Total Vacant Total Vacant Total Vacant Total
Brantford CMA ** 148 62 b 1,446 113 b 2,682 33 c 1,045 210 b 5,321
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
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.
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
3.1.5 Private Row (Townhouse) and Apartment Estimate of Percentage Change (%) of Average Rent 1
by Bedroom Type
Brantford CMA
Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09 Oct-08 Oct-09
Centre
to to to to to to to to to to
Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10 Oct-09 Oct-10
Brantford CMA 1.5 d ++ 1.3 a ++ 1.3 a 2.1 c 4.0 d ++ 1.5 a 1.4 a
1
The Percentage Change of Average Rent is a measure of the market movement, and is based on those structures that were common to the survey sample for both years.
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).
n/u: No units exist in the universe for this category n/s: No units exist in the sample for this category n/a: Not applicable
Please click Methodology or Data Reliability Tables Appendix link for more details
Technical note:
Difference between Percentage Change of Average Rents (Existing and New Structures) AND Percentage Change
of Average Rents from Fixed Sample (Existing Structures Only):
Percentage Change of Average Rents (New and Existing Structures): The increase/decrease obtained
from the calculation of percentage change of average rents between two years (example: $500 in the
previous year vs. $550 in current survey represents an increase of 10 percent) is impacted by changes in
the composition of the rental universe (e.g. the inclusion of newly built luxury rental buildings in the
survey, rental units renovated/upgraded or changing tenants could put upward pressure on average rents
in comparison to the previous year) as well as by the rent level movement (e.g. increase/decrease in the
level of rents that landlords charge their tenants).
Percentage Change of Average Rents from Fixed Sample (Existing Structures Only): This is a measure
that estimates the rent level movement. The estimate is based on structures that were common to the
survey sample for both the previous year and the current October Rental Market Surveys. However,
some composition effects still remain e.g. rental units renovated/upgraded or changing tenants because
the survey does not collect data to such level of details.
Canada Mortgage and Housing Corporation (CMHC) conducts the Rental Market Survey (RMS) every year in April and
October to estimate the relative strengths in the rental market. The survey is conducted on a sample basis in all urban areas
with populations of 10,000 and more. The survey targets only privately initiated structures with at least three rental units, which
have been on the market for at least three months. The survey collects market rent, available and vacant unit data from sampled
structures. Most RMS data contained in this publication refer to privately initiated apartment structures.
The survey is conducted by a combination of telephone interviews and site visits, and information is obtained from the owner,
manager, or building superintendent. The survey is conducted during the first two weeks of April/October, and the results
reflect market conditions at that time.
CMHC’s Rental Market Survey provides a snapshot of vacancy and availability rates, and average rents in both new and existing
structures. In October 2006, CMHC has introduced a new measure for the change in rent that is calculated based on existing
structures only. This estimate is based on structures that were common to the survey sample the previous year and the current
year of the Rental Market Survey. The change in rent in existing structures is an estimate of the change in rent that the landlords
charge and removes compositional effects on the rent level movement due to new buildings, conversions, and survey sample
rotation. The estimate of per cent change in rent is available in the Rental Market Report – Canada Highlights , Provincial
Highlights, and the local Rental Market Reports. The rent levels in new and existing structures are also published. While the per
cent change in rents in existing structures published in the reports are statistically significant, changes in rents that one might
calculate based on rent levels in new and existing structures may or may not be statistically significant.
Canada Mortgage and Housing Corporation (CMHC) conducts a survey of the Secondary Rental Market (SRMS) in
September and October to estimate the relative strengths in the secondary rental market which is defined as those dwellings not
covered by the regular RMS. CMHC has identified the following dwelling components to be included in SRMS:
The SRMS has three components which are conducted in selected CMAs:
All three surveys are conducted by telephone interviews. For the condominium apartment vacancy survey, information is
obtained from the owner, manager, or building superintendent and can be supplemented by site visits if no telephone contact is
made. For the other two surveys, information is collected from an adult living in the household. All surveys are conducted in
September and October, and the results reflect market conditions at that time.
CMHC publishes the number of units rented and vacancy rates for the condominium vacancy survey. For the condominium rent
and household rent surveys, the average rent is published. A letter code representing the statistical reliability (i.e., the coefficient
of variation (CV)) for each estimate is provided to indicate the data reliability. Rented condominium apartments were surveyed
in the following CMAs: Vancouver, Victoria, Calgary, Edmonton, Regina, Saskatoon, Toronto, Ottawa, Montréal and Québec
(NOTE: condo rent data was not collected for Regina and Saskatoon). Other secondary rental market units were surveyed in
Abbotsford, Barrie, Calgary, Edmonton, Halifax, Montreal, Ottawa, Quebec, St. John’s, Toronto, Regina, Saskatoon, Kelowna,
Vancouver and Victoria.
Definitions
Availability: A rental unit is considered available if the existing tenant has given, or has received, notice to move, and a new tenant has
not signed a lease; or the unit is vacant (see definition of vacancy below).
Rent: The rent refers to the actual amount tenants pay for their unit. No adjustments are made for the inclusion or exclusion of
amenities and services such as heat, hydro, parking, and hot water. For available and vacant units, the rent is the amount the owner is
asking for the unit.
It should be noted that the average rents reported in this publication provide a sound indication of the amounts paid by unit size and
geographical sector. Utilities such as heating, electricity and hot water may or may not be included in the rent.
Rental Apartment Structure: Any building containing three or more rental units, of which at least one unit is not ground oriented.
Owner-occupied units are not included in the rental building unit count.
Rental Row (Townhouse) Structure: Any building containing three or more rental units, all of which are ground oriented with
vertical divisions. Owner-occupied units are not included in the rental building unit count. These row units in some centres are
commonly referred to as townhouses.
Vacancy: A unit is considered vacant if, at the time of the survey, it is physically unoccupied and available for immediate rental.
A census metropolitan area (CMA) or a census agglomeration (CA) is formed by one or more adjacent municipalities centred
on a large urban area (known as the urban core). The census population count of the urban core is at least 10,000 to form
a census agglomeration and at least 100,000 to form a census metropolitan area. To be included in the CMA or CA, other adjacent
municipalities must have a high degree of integration with the central urban area, as measured by commuting flows derived from census
place of work data. CMAs and CAs contain whole municipalities or Census Subdivisions.
All data presented in this publication is based on Statistics Canada’s 2001 and 2006 Census area definitions.
Acknowledgement
The Rental Market Survey and the Secondary Rental Market Survey could not have been conducted without the cooperation
of the rental property owners, managers, building superintendents and household members throughout Canada. CMHC acknowledges
their hard work and assistance in providing timely and accurate information. As a result of their contribution, CMHC is able to provide
information that benefits the entire housing industry.
Canada Mortgage and Housing Corporation has developed a new rental affordability indicator to gauge how affordable a rental market
is for those households which rent within that market. The level of income required for a household to rent a median priced two-
bedroom apartment, using 30 per cent of its income, is calculated. The three-year moving average of median income of renters’
households in a centre is then divided by this required income. The resulting number is then multiplied by 100 to form the indicator. A
value above 100 indicates that less than 30 per cent of the median income is required to rent a two-bedroom apartment, conversely, a
value below 100 indicates that more than 30 per cent of the median income is required to rent the same unit. In general, as the
indicator increases, the market becomes more affordable; as the indicator declines, the market becomes less affordable.
Median renter household income estimates used in the calculation of the rental affordability indicator are based on results of Statistics
Canada’s Survey of Labour and Income Dynamics. Results for this survey are available from 1994 to 2005. CMHC has developed
forecasts of median renter household income since 2006.
CMHC—Home to Canadians
Canada Mortgage and Housing Corporation (CMHC) has been Canada's national housing agency for more than 60 years.
Together with other housing stakeholders, we help ensure that the Canadian housing system remains one of the best in the
world. We are committed to helping Canadians access a wide choice of quality, environmentally sustainable and affordable
homes – homes that will continue to create vibrant and healthy communities and cities across the country.
The Market Analysis Centre’s (MAC) electronic suite of national standardized products is available for free on CMHC’s
website. You can view, print, download or subscribe to future editions and get market information e-mailed automatically to
you the same day it is released. It’s quick and convenient! Go to www.cmhc.ca/housingmarketinformation
For more information on MAC and the wealth of housing market information available to you, visit us today at
www.cmhc.ca/housingmarketinformation
To subscribe to priced, printed editions of MAC publications, call 1-800-668-2642.
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content solely for personal, corporate or public policy research, and educational purposes. This permission consists of the
right to use the content for general reference purposes in written analyses and in the reporting of results, conclusions, and
forecasts including the citation of limited amounts of supporting data extracted from this publication. Reasonable and limited
rights of use are also permitted in commercial publications subject to the above criteria, and CMHC’s right to request that
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Any use of the publication’s content must include the source of the information, including statistical data, acknowledged as follows:
Source: CMHC (or “Adapted from CMHC,” if appropriate), name of product, year and date of publication issue.
Other than as outlined above, the content of the publication cannot be reproduced or transmitted to any person or, if acquired
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or to request permission to reproduce large portions of, or entire CMHC Market Analysis publications, please contact: the
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Without limiting the generality of the foregoing, no portion of the content may be translated from English or French into any
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