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2017 CMHC Statistics

Happy 2018! To start off the year, we reviewed the latest statistics from the Canadian Mortgage and Housing Corporation for Victoria. Some notable facts:

  • The vacancy rate changed little from 2016 despite a 2% expansion of purpose built apartments

  • 4/5 new households in Victoria are renting

  • Vacant 2 bedroom units are listed for 14% higher than the current average rent for a 2 bedroom unit

  • The vacancy rate for a 3 bedroom unit is 0.0% in all areas of Greater Victoria, including the Westshore, which had a vacancy rate of 1.1% for 3 bedroom units in 2016

It's clear we have lots of work to do in 2018! Please reach out if you are interested in getting more involved

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1581-H Hillside Ave. 

Box 183

Victoria BC V8T 2C1