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Victoria rental housing market and related issues discussion


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#1861 Nparker

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Posted 09 March 2024 - 11:02 PM

The socialists clearly intend to destroy private property rentals and acquire them for state control. These are dark days indeed for British Columbians.

#1862 Matt R.

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Posted 09 March 2024 - 11:12 PM

This isn’t law, just a bill the greens are putting forward. If this passes.. hahaha oh look out! East coast is still relatively affordable, I could retire more or less….

#1863 Victoria Watcher

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Posted 10 March 2024 - 02:10 AM

It’s a Green Party proposed bill. Luckily.

It will not be passed.
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#1864 Victoria Watcher

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Posted 10 March 2024 - 03:01 AM

Rent hits another record high in January as average asking price reaches $2,196

 

Highest jump was in Edmonton, with prices up 17% since last year

 

https://www.cbc.ca/n...sking-1.7114976



#1865 Victoria Watcher

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Posted 10 March 2024 - 03:01 AM

While Canada's average national vacancy rate sits at a record low of 1.5 per cent, there is one kind of property that likely has a "for rent" sign out front: retirement homes.

 

The Canada Mortgage and Housing Corporation (CMHC) said vacancy rates for standard spaces in retirement homes averaged 15.6 per cent the last time it surveyed them in 2021, ranging from as high as 26.8 per cent in Alberta and low as 6.3 per cent in Nova Scotia.

 

 

___________________

 

Brett Sargon and two teammates from his New Zealand curling team wanted to train and compete in Calgary for a few months but were having trouble finding somewhere affordable to stay.

 

After sharing their situation on social media, Chartwell Colonel Belcher Retirement Residence reached out to propose a "win-win situation," he said. The athletes would stay there without having to commit to a year-long lease, and their presence would liven up the place during their stay. 

 

 

 

https://www.cbc.ca/r...notes-1.7134445


Edited by Victoria Watcher, 10 March 2024 - 03:03 AM.


#1866 LJ

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Posted 10 March 2024 - 07:55 PM

Not a lot of seniors like their homes "livened up." 


Life's a journey......so roll down the window and enjoy the breeze.

#1867 Victoria Watcher

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Posted 12 March 2024 - 08:46 AM

Opportunity to acquire a 37 unit well maintained apartment building in the Burnside neighborhood in Victoria. Building constructed in 1976 and offers large 1 and 2 bedroom suites all offering large exterior balconies. Units are on average 65% below CMHC market rents offering significant revenue upside. All 2 bedroom suites have dishwashers and rare walk in closets. Opportunity to buy the shares of the Bare Trust Corp.

 

 

$10,350,000

 

 

565 Manchester Rd
Victoria, British Columbia V8W2E1

 

 

https://www.realtor....ictoria-mayfair

 

 

 

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Edited by Victoria Watcher, 12 March 2024 - 08:47 AM.


 



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