Topic: Renting

Taxes, utilities to push Victoria rents to 3.7% higher in 2017

British Columbia’s maximum residential rental rate increase will jump to 3.7% next year, a 28% surge over 2016’s 2.9% limit. The rate is set each fall by the province and is tied to the Consumer Price Index plus a 2% base allotment. Between 2014 and 2016 increases were capped below 3% while 2004, 2006, 2007 and 2012 saw rates at or above 4%.

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Vacancy Rates in Victoria

Late last month, the Times Colonist reported that there’s “little relief in sight for renters” in Victoria. Vacancy rates in Victoria for renters have been very low, sitting at just 0.6% according to the Canadian Mortgage and Housing Corporation (CMHC). Our internal statistics at Duttons confirm these statistics. We manage more than 550 condos, houses, townhomes and our internal vacancy rate has been near 0% the last 12 months.

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Renters: What’s On the Wish List?

Renting is a growing trend in North America, and as this trend shifts the status quo away from home owner status, so has it shifted the wish lists of renters. Today’s savvy renter knows what they want, and lifestyle is at the core. So what are the top wish list features for today’s modern renters?

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TENANT INSURANCE: REST ASSURED?

As the number one property management firm in Victoria, we at Duttons have many properties to oversee. Managing properties is assuming the responsibility of a landlord: ensuring everything is in good working order for the tenants, including dealing with scenarios that affect the property beyond the suites themselves. Here we share such a story, its

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Do I Really Need Tenant’s Insurance?

The short answer to this question is an emphatic ‘yes’.  Drivers and homeowners wouldn’t consider going without car and home insurance yet tenants often overlook the importance of insurance against loss and accidental damage.  Tenant insurance is overlooked by half of all renters and many have learned through misfortune that this can be a costly

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2013: A Very Competitive Rental Market

Traditionally Victoria has enjoyed one of Canada’s lowest rental vacancy rates.  A variety of factors contribute to these low rates –  including natural beauty, mild climate and the overall amenities and quality of life the city and has to offer. 2013 has presented an anomaly to Victoria’s occupancy rates.  This year has been marked by

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