Sales of condominium apartments and townhouses are down month over month and year over year, and new units are getting less buyer buzz compared to Q1 2022 and Q2 2021.

"Rents are a third or a quarter of what they would be for industrial in Vancouver and you make up for those extra transportation costs by having much cheaper rent."

“Rental demand picks up and dies down with every reopening and closing."

Greater Victoria recorded 47 transactions in 2021, which totalled $756,635,373.