1. What is a Vacancy Percentage Calculator?

Definition: This calculator determines the vacancy rate percentage based on the number of vacant units and total units in a property.

Purpose: It helps landlords, property managers, and real estate professionals assess occupancy rates in Ontario.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( VP \) — Vacancy percentage (%)
• \( V \) — Vacant units (dimensionless)
• \( T \) — Total units (dimensionless)

Explanation: The number of vacant units is divided by total units, then multiplied by 100 to convert to a percentage.

3. Importance of Vacancy Percentage

Details: Tracking vacancy rates helps property owners assess market conditions, pricing strategies, and property performance.

4. Using the Calculator

Tips: Enter the number of vacant units and total units in the property. Total units must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: What's considered a healthy vacancy rate in Ontario?
A: Typically 2-4% is considered healthy, indicating a balanced rental market.

Q2: How often should I calculate vacancy rate?
A: Monthly calculations help track seasonal trends and property performance.

Q3: Should common areas be counted in total units?
A: No, only count rentable units (apartments, condos, commercial spaces).

Q4: What if I have zero vacancies?
A: Enter 0 for vacant units - the calculator will show 0% vacancy rate.

Q5: How does this differ from economic vacancy?
A: This calculates physical vacancy. Economic vacancy includes lost revenue from concessions/discounts.