January saw a slight reprieve in rent prices in Victoria with a one per cent reduction from the month before, but the cost for rentals is still up from the last year.
January saw a slight reprieve in rent prices in Victoria with a one per cent reduction from the month before, but year-over-year the cost for rentals is still up by 19 per cent, according towo-bedroom apartments on the other hand climbing nearly three percentile points between December to January, costing about $2,610 a month.
Vancouver holds the number one position, with an average one-bedroom running around $2,500. The other three cities are Burnaby, Victoria, and Kelowna. In an email statement, Spalteholz pointed out the vacancy rate in Greater Victoria is extremely low, at 1.5 per cent and far below what’s considered healthy at three per cent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BLS releases headline CPI inflation report today for January 2023Exclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »
Annual pace of housing starts in Canada fell 13% in January, CMHC saysThe national housing agency says the seasonally adjusted annual rate of housing starts for the first month of the year was 215,365 units compared with 248,296 in December
Read more »
U.K. inflation falls for 3rd consecutive month in JanuaryBritain's inflation rate fell for a third consecutive month in January, boosting optimism that the cost-of-living crisis has peaked and prices will fall sharply later this year.
Read more »
Worst January for home sales since 2009, CREA reports - BNN BloombergThe Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.
Read more »
Gold price drops below $1,850 as U.S. retail sales surprise on the upside in January
Read more »