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Research

Victoria Multifamily Market Report Q4 2018

Victoria Multifamily Market Report Q4 2018

Victoria Multifamily Market Report Q4 2018
  • A significant volume of total sales for 2018 took the form of “forward sales,” which were either completed upon delivery of the finished product or full leasing of the newly constructed building
  • CMHC’s recent Rental Market Report for Greater Victoria estimates that vacancy levels increased from 0.7% at year-end 2017 to 1.2% in late 2018
  • Fundamental market criteria associated with rental rates and tenant demand are anticipated to remain strong in the CRD

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