1266 replies to this topic

[FirstTimeHomeCrier]

 

Dear VHF,

The popularity of Hudson District was proven once again this weekend with the successful opening of our newest 16-storey, purpose-built rental, Hudson Walk Two, resulting in 55% of our Urban Rental Suites being leased!

Excitement levels were unmistakeable all weekend as students, professionals, downsizers and retirees toured our display suite and met our team, with high hopes of securing their top home choice in what’s becoming known as Victoria’s tightest rental housing market in history.

 

 

 

Students looking at $1450/month one-bedrooms?! How can they afford it? When I got my first apartment as a student 8 1/2 years ago, I paid $600 for a one-bedroom. Granted, it was an illegal basement suite with a hot plate and convection oven instead of a proper kitchen, but the rent never went up in the four or five years I was there.

[Mattjvd]

Students looking at $1450/month one-bedrooms?! How can they afford it? When I got my first apartment as a student 8 1/2 years ago, I paid $600 for a one-bedroom. Granted, it was an illegal basement suite with a hot plate and convection oven instead of a proper kitchen, but the rent never went up in the four or five years I was there.

A) Family money
B) Many granduate students are employed in their field, some are paid handsomely.
C) 2 bedroom at 2k per month with 2 students working on the side plus savings from co-ops and summer jobs is't too much of a stretch.
C 2) Also, two students who are a couple sharing a 1 bedroom is probably less rent that you paid, after adjusting to 2017 dollars.
D) ROTP / Medical OTP. Commissioned officers in the military going to school full time, being paid a decent salary. (A very good salary if it was a commission from the ranks)

Just to name a few.

[Jason-L]

Heck, two or three students sharing a 1BR wouldn't be out of the question, based on what folks do in Toronto or Vancouver...

[aastra]

What do they do?

[dasmo]

I shared a three bedroom in Ottawa with seven people. The guy in the stairwell with the electrical cord for power only paid $100. It was fine in the spring and summer.... 

[sdwright.vic]

There are still plenty of apartments available under $1K. You just have to rough it and not be downtown, or have ensuite washer and dryer.

[Nparker]

...You just have to rough it and not be downtown, or have ensuite washer and dryer.

Sounds like third world conditions to me. 

[VicHockeyFan]

Students looking at $1450/month one-bedrooms?! How can they afford it? When I got my first apartment as a student 8 1/2 years ago, I paid $600 for a one-bedroom. Granted, it was an illegal basement suite with a hot plate and convection oven instead of a proper kitchen, but the rent never went up in the four or five years I was there.

International students have lots of money.

[Kapten Kapsell]

Out of curiosity, has Hudson Walk 2 announced their expected occupancy date?

[Mike K.]

Yes, residents will be moving in at the start of August.

 

The sales centre will close today, actually. Only a single unit remains (one of the penthouses available for $3,100/month).

[Baro]

Students looking at $1450/month one-bedrooms?! How can they afford it? When I got my first apartment as a student 8 1/2 years ago, I paid $600 for a one-bedroom. Granted, it was an illegal basement suite with a hot plate and convection oven instead of a proper kitchen, but the rent never went up in the four or five years I was there.

 

My friend was looking into this tower because when he phoned they said bachelors were 900,  come down to the sales centre and register.  So, we went down.  It was a line up out the door and we were the only non-asian non-teen-with-parents in the line.  Everyone else were teens on their own or usually with parents signing up.  Finally we got to talk to someone who told him no no, there's no $900 bachelors, they start at $1200.  So we left.

 

But to answer your question,  the students that can afford this are international students or other students getting a free ride from wealthy parents.

Edited by Baro, 29 June 2017 - 10:37 AM.

[Mike K.]

Bachelor pricing started at $995 and I can imagine the lowest-priced units were very quickly snatched up by folks at the beginning of the line-up.

 

The make-up of the building is actually mostly 30-to-50-year-old working professionals and 65+ retirees. I'd say maybe 20% are students, but then some of who I'd imagine are students could very well be mid-to-late 20-somethings who are already in the workforce. Some of them, of course, would need mom and dad to co-sign. There's a certain threshold you need to pass financially-speaking to rent in that tower and younger folks may have required a second signature.

 

Edit: oh, I forgot to say that there aren't that many international students in the building. Maybe 10 suites?

[Baro]

Weird, we must have come down maybe during a special sign-up afternoon just for students.  The staff they had on hand were all bilingual in mandarin to make things easier.

[Kapten Kapsell]

I know someone (late 20s) who relocated to Victoria from out of town for work reasons... he's leasing at Hudson Walk One.

[Mike K.]

Lots of looky-loo's, I think. They brought in a lot of staff from their Vancouver offices due to the huge volume of people who had signed up.

 

For Hudson Walk Two I didn't see those staff, only the Victoria-based crew were in the leasing centre (at least following the grand opening day).

[Prom2]

Any update on the new PUB at this location?  This is still a GO... and under construction inside ?.  Potential date of opening ?

[Nparker]

Any update on the new PUB at this location?  This is still a GO... and under construction inside ?.  Potential date of opening ?

It's hard to tell if there is an activity behind the paper-covered windows.

[jonny]

Some sort of rezoning was required to allow a brewpub. Do we know if that has been granted or even officially requested by the proponent?

[sdwright.vic]

Last I chequed with Dan, he said everything has been okayed.

[Jackerbie]

Any update on the new PUB at this location?  This is still a GO... and under construction inside ?.  Potential date of opening ?

 

When it was first announced, I think they were targeting an opening date in early 2018. Haven't heard anything new, though.