A Pemberton Holmes vehicle is parked between two Langford rental properties, Peatt Commons, phase 1 which is now fully leased, and Peatt Commons, phase 2 slated for completion in early 2020. The Westshore, and in particular the City of Langford, has absorbed the Capital Region's majority of new rental density since 2015, with much of the inventory of modern apartments managed by Pemberton Holmes' Property Management Division.
Langford's housing push delivers 2,000 apartments as Capital builds out of tight rental market
fA surge of purpose-built rental apartments on Victoria’s Westshore has been a driving force in the rebound of housing availability in the Capital during a prolonged vacancy crunch.
Since the mid-2010s dozens of rental complexes have materialized from Sooke to Sidney, but nowhere has their impact been more pronounced than in the City of Langford where 2,000 out of a regional total of 3,700 new apartment suites were completed in recent years, according to Citified’s data.
With a population of 35,000, the municipality has absorbed Greater Victoria’s highest per-capita share of new rental inventory thanks largely to its rapid-fire municipal approvals process, a welcoming attitude towards densification and the public’s growing recognition of Langford as a desirable urban-meets-suburban community. [Full article