GREATER VICTORIA CHAMBER
Join Now
Member Login
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us

BizNews Advocacy

Subscribe to BizNews
BizNews email Archive

Rental market rises due to housing supply crunch

3/2/2022

0 Comments

 
Housing affordability for many Greater Victoria employees has become even more strained in recent months as the cost of renting increased by 3.1% and the vacancy rate dropped to about 1%.

With more people choosing to move to our region, the demand for new housing is putting intense pressure on our ability to add to the supply. The Canadian Mortgage and Housing Corporation’s Rental Market Survey Data Tables for Greater Victoria shows that a total of eight private apartments were added in the City of Victoria between October 2020 and October 2021. A further 643 were added in all other Greater Victoria municipalities during the same time. Meanwhile, the region's population increased by 29,467 between the 2021 and 2016 censuses.
Excel file with CMHC Rental Market data
0 Comments



Leave a Reply.

    Categories

    All
    Business And Economic Strength
    Chamber Awareness
    Climate Change Solutions
    COVID
    Fair Rules
    Finding And Keeping Workers
    Food Security
    Global Uncertainty
    Government Federal
    Government Local
    Government-Local
    Government Provincial
    Government-Provincial
    Hospitality And Tourism Rescue And Recovery
    Immigration And Integration
    Indigenous Business Support And Reconciliation
    Inflation And Rising Costs
    New And Established Businesses
    Safe Communities
    Streamlined Regional Regulations
    Training And Microcredentials
    Transportation Options

Picture
​Copyright © 2021 Greater Victoria Chamber of Commerce.  All rights reserved. 
​#100 – 852 Fort St., Victoria, BC V8W 1H8, Canada   |   Phone: (250) 383-7191 

chamber@victoriachamber.ca   |  Site Map
Greater Victoria Chamber of Commerce
Notice a typo or broken link? Please let us know so we can fix it ASAP. Email communications@victoriachamber.ca
  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us