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Victoria Market Update - Jan 3, 2017

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Victoria Market Update – Jan 3, 2017


Rental demand remains super tight in Victoria, vacancy at 0% based on our portfolio.
2017 will be an interesting year.  More purpose built rentals will come on board including the 49 units at Madrona at Dockside Green, which will be managed by Randall North.
Bachelor suite rents are rising fastest right now – getting over $800 is the norm.
Rent levels for 1 and 2 bedroom stable from last month:
Downtown – 1 bed $1,500; 2 bed $2,200
Suburban – 1 bed $1,000; 2 bed $1,500

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Posted by:
Derek Kaufman

Posted on:
January 3rd, 2017

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