Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Abhi (Abby) Uppal
Mortgage Specialist - MB608062
Tel: 250-391-2933 | Cell: 250-883-7069
Toll-Free877-391-2933 | Fax: 250-391-2985
Key points from CMHC's fall 2024 rental market report:
-Vacancy rate in Victoria, BC hit 2.6% highest since 2013
-Rental affordability still remains a challenge besides a rental growth slowdown.
rental units supply increased primarily due to newer construction. However, theres units primarily served higher income households because of their high rents.
Purpose-Built Rental Market
Vacancy Rate Average 2-Bedroom Rent
2.2% $1,447
Condominium Apartment Market
Vacancy Rate Average 2-Bedroom Rent
0.9% $2,199
Here is a link to the data tables for your reference. :https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-data/data-tables/rental-market/rental-market-report-data-tables?pdf_geo=9EE6E91C-4719-412C-909E-A4B27F3FB16E$pdf_edition=8E6BA886-7A91-4A5C-B5BD-F8B303346181
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