Below is a comparison of normalized rental rates to current rates resulting from the impact of the Muskrat Falls project:
Normalized Rates
- 1 bedroom $750 – $800/month
- 2 bedroom $1,000 – $1,100/month
- 3 bedroom $1,200 – $1,500/month
- Full house rental – $1,800 – $2,000/month
Muskrat Falls Rates
- 1 bedroom $800 – $950/month
- 2 bedroom $1,200 – $1,400/month
- 3 bedroom $1,500 – $1,800/month
- Full house rental – $2,000 – $2,500/month
The Muskrat Falls project has created a need for house rentals that are fully furnished, includes all utilities and housewares. These rentals will go for upwards of $3,500/month