Apartment Trends

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Here is an excerpt from The 2010 Barsalou Report:

“During the fall of 2009, which is usually the strongest rental market due to the influx of students, the demand for rental suites started to weaken. CMHC reported the October 2009 average vacancy rate as 1.4%, shocking for Victoria, but still one of the lowest rates in Canada. It may have been due to the sluggish economy, higher unemployment, low mortgage rates for homeownership, secondary rental market increasing due to basement suites and over stock of condominiums being rented; all factors that likely contributed to a higher vacancy rate and ensuing pressure to reduce rents in order to fill available suites.”

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'My sales of apartment buildings from 2000 to 2010 have been over $200,000,000 and over 2,000 suites.'
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