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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