Posted: Jan. 26, 2023 6:14PMA new report shows small improvements in the Greater Victoria rental market, but not enough to keep up with rental demand., released Thursday, vacancy rates have made small increases in B.C.’s capital.
Pershing Sun, senior analyst with CMHC, said while that’s one piece of positive news in a challenging market, it doesn’t make a dent in the demand. Another factor is the improving employment rate. According to the report, Victoria added 6,200 jobs added between January and October. “We actually have a record number of rental units coming online, but we know there is a lot more work to do,” Ravi Kahlon, Minister of Housing, told reporters Thursday.The report states the Victoria area lost 83 of its purpose-built rental townhouses in 2022 — representing 12 per cent of its available stock.
Source: News Formal (newsformal.com)
Interest rates are through the roof. Trickle down economics.
not EVERYONE can afford to live in BC get over it
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spotlight: Greater Together: Welcoming newcomers to Greater SudburyGreater Together: Welcoming newcomers to Greater Sudbury
Source: sudburydotcom - 🏆 6. / 89 Read more »
Greater Victoria goose cull plan moving forwardThe Capital Regional District is moving ahead with its plans to potentially cull geese due to rising populations, which the CRD says is causing damage to the agricultural industry and the environment. About time. Humans created the perfect conditions for geese to congregate by clearing forests and making large open grassy parks, then we cry about it and the geese pay the price. We suck.
Source: CTVNewsVI - 🏆 28. / 68 Read more »
Victoria business owner calls for greater transparency in B.C. insurance industryA Victoria-based business owner is proposing changes to improve transparency within the insurance industry amid an eight-month claim process following a flood that nearly forced her to close her doors.
Source: CTVNewsVI - 🏆 28. / 68 Read more »
Another gas leak prompts evacuations in Greater VictoriaAn elementary school and nearby homes were evacuated in Saanich, B.C., on Wednesday afternoon following reports of a gas leak.
Source: CTVNewsVI - 🏆 28. / 68 Read more »
Cape Breton Capers add local talent to women's soccer team for 2023 season | SaltWireSYDNEY, N.S. — The Cape Breton Capers women's soccer team has added some more local talent to its lineup for the 2023 Atlantic University Sport ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Former Cape Breton Eagles players win 2023 FISU Winter World University Games gold | SaltWireSYDNEY, N.S. — A pair of former Cape Breton Eagles players claimed a gold medal with Team Canada at the 2023 FISU Winter World University Games in Lake ...
Source: SaltWire Network - 🏆 45. / 63 Read more »