top of page

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

15 views0 comments

Recent Posts

See All

VTAG Municipal Candidate Survey

Thank you to those candidates who participated in VTAG's candidate questionnaire. See below for links to the full responses to the questionnaire by municipality, and scroll past the links for a copy o

Another Loophole Closed

Good news - the Residential Tenancy Branch will be eliminating a regulation that allows landlords to increase rents to match the market value of neighbouring units and buildings. This will prevent lan


bottom of page