Pershing Sun News Today

Victoria is now one of the most expensive rental markets in the country, pushing renters and potential homeowners to reconsider their futures on the Island.

The number of people moving from British Columbia to Alberta has reached a 20-year high, according to the latest data from Statistics Canada.

Rent for the average Greater Victoria two-bedroom apartment that saw tenant turnover in 2022 rose by a third, CMHC’s annual rental market report shows.

Local real estate officials talk about region’s sales, supply and housing forecast

New rental units coming onstream will have difficulty keeping up with demand, which has increased as those who are able to work remotely flock from larger centres to Victoria

The Canada Mortgage and Housing Corporation blames a lack of purpose-built rental buildings for the rental-housing crunch hitting all of Greater Victoria.

The B.C. government controls rental increases and leans on inflation to set the rate annually.

Supply of new homes in the Victoria, BC, area is expected to fall further behind demand this year, according to the Canada Mortgage and Housing Corporation.

The results of the Canada Mortgage and Housing Corporations latest report are in, and if you’re looking to rent a unit in the capital region, the results are not in your favour.

Skyrocketing housing prices and a lack of affordable rentals in Victoria have forced families like this one to find temporary shelter wherever they can.