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Victoria Market Update - Sep 1, 2016

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Victoria Market Update – Sep 1, 2016

Vacancy rates in Greater Victoria remain at or close to zero.  Due to the strong rental market, interest in multi-family investment property has risen with more revenue properties changing hands.
New purpose built rentals will come on board early in 2017 and Randall North will be managing at least two of the larger rental developments.
Current asking rents:
Downtown – 1 bed $1,475; 2 bed $2,100
Suburban – 1 bed $1,000 2 bed $1,400

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Posted by:
Derek Kaufman

Posted on:
September 1st, 2016

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