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Tuesday, September 29, 2020
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Victoria
Home Multifamily Apartments

Multifamily Apartments

Starlight adds two apartment blocks Oswego & Michigan to its portfolio

250 Oswego (right) and 283 Michigan (left). Acquired in November 2019 by Starlight Investments. Starlight Investments, a privately held...

110 rental units acquired via portfolio sale by Headwater Projects of Vancouver

Headwater Projects, a Vancouver based multi-family investment group has recently acquired four multifamily rental apartment buildings in...

4 Esquimalt Apartment Buildings sold to Vancouver based Belmont Properties.

Gary Averbach and Robert Golden of Belmont Properties are listed as directors of the holding company who recently purchased approximately $38,000,000 worth...

1.3 acre Speed & Frances residential tower land trades hands

A land assembly across from Mayfair Mall has been sold to a local Victoria developer, Geric Construction. The 8 parcel assembly encompasses approximately 57,600...

Wille Portfolio Sale of 3 Apartment Buildings

Vera Eleanora Wille (1926-2017) and her husband Frank Wille (1925-2004) immigrated to Canada in 1953 from Germany, and established a successful car dealership business...

11 rental unit rezone and DP proposal across from Hillside Mall on a single family lot

Cam Pringle of Cadillac Properties is proposing an 11 unit multifamily building on a 55x125’ lot at 2732 Doncaster directly across from Thrifty’s at...

83 rental apartments + 4 rental townhomes at Quadra & Southgate

Analogue Projects, a related company to Surfside Holdings has been approved for a six-storey 83 unit rental apartment building and 4 rental townhouse units...

56 unit multifamily proposed for north side of Hillside Mall

Abstract Developments has submitted a re-zoning application to the District of Saanich to permit a 56 unit strata condo building. Abstract's 62 unit building sites...

Headwater Projects assembles two multifamily sites in Fairfield

Headwater Projects, a Vancouver based multi-family investment group has recently acquired two neighbouring buildings in the coveted Fairfield neighbourhood. Civic Address Lot Size (sqft) # Units Purchase Price 1009 Fairfield Road 10,797 18 $3,075,000 575...

Greater Victoria Multifamily Update 2017

With so much activity ($127M) in the multi-family sector in 2016, it is no doubt that investors will continue to flock to this asset class...

Must Read

Summer market explodes 💥 home sales & prices reach all-time highs across Victoria 🏡

The number of properties that sold were up +48% in August and +39% higher in July compared to last summer. Single family detached took off like a...

Record High Activity in August

A total of 979 properties sold in the Victoria Real Estate Board region this August, 48.1 per cent more than the 661...

Northern Junk project by Reliance gets rejected by council yet again

A plan to redevelop the long-vacant Northern Junk buildings near the Johnson Street Bridge has been sent back to the drawing board...

Abstract gets approval for 49 units at Cook & Hillside

Victoria City Council has approved a rezoning and development permit application to develop a new six-storey, multi-unit residential building with ground floor live-work...

CMHC Qualification Metrics change effective July 1, 2020

The modifications have to do with debt service ratios and credit score requirements • Gross debt service (GDS)...