Tight low vacancy markets come and go.
We all need to adjust to a tougher rental market when the supply of quality rental properties outweighs the demand by quality tenants.
This can happen seasonally, or if there is simply too much new ‘stock’ on the market in the area. Sometimes the main industry (employer) in the area has suffered a downturn resulting in a lesser demand for rental properties by tenants as laid off workers now seek employment further afield. Of course, it could be a number of these factors at the same time.