The economic recovery in Western Canadian oil-producing provinces contributed to the first decrease in the national apartment vacancy rate in three years, the Canada Mortgage and Housing Corporation said Tuesday.

Regina's rental vacancy rate is now sitting at 5.5 per cent, which is up just 0.1 per cent from this time last year when the vacancy rate was at 5.4 per cent.

A new report from Canada Mortgage and Housing Corporation (CMHC) finds Saskatoon is leading the country in apartment vacancy rate.