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Terrace & Prince Rupert Market Update - Feb 1, 2017

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Terrace & Prince Rupert Market Update – Feb 1, 2017


Terrace January Vacancy: 6.7%
Rent 2 bdr $1,000
Rent 3 bdr $1,470
After very slow fall right to the end of December, demand is picking up and homes/suites starting to rent again with new demand.  No significant new economic activity.
Prince Rupert January Vacancy: 2.8%
Rent 2 Bdr $900
Rent 3 Bdr $1,400
Comment: Demand remains strong.  Many older homes are in need of renovations if they want to retain tenants.  New rental housing is still badly needed in this market.

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Posted by:
Derek Kaufman

Posted on:
February 1st, 2017

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