Based on the recent on the state of CanadaBԪַs rental market, that a surge in demand pushed CanadaBԪַs rental market to its tightest level in two decades last year, with the vacancy rate in purpose-built apartments dipping below 2% and rent for new tenants going up by 18%.
indicated that there was a huge need for more rental housing options across the Capital Regional district. Despite the growth in the stock of purpose-built rental housing, the proportion of rental households in Colwood was growing. As of 2018, the rental vacancy rate was zero, meaning there were virtually no vacant units available for rent.
This is why Skyline LivingBԪַs newest development in Colwood, BC, is attracting a lot of attention from apartment searchers on both the mainland and across Vancouver Island.
Built by and managed by , this five-storey property is located at 3554 Ryder Hesjedal Way, home to amenity space and a wide variety of bachelor, one-bedroom, and two-bedroom suites.
Offering eight exceptional open-concept floor plans, these units feature in-suite laundry, large bright windows, and a full stainless steel appliance package. Designed to be the social heart of the complex, The Seascape amenity space includes a social lounge with TV, outdoor patio, and secure indoor bicycle storage for tenantsBԪַ adventures nearby multiple nature trails, parks, and beaches.
BԪַWe arenBԪַt surprised by the far-reaching interest in these brand-new rental apartments,BԪַ said BJ Santavy, Vice President, Skyline Living. BԪַThe location is perfectly situated just far enough away from urban sprawl to capture all the friendly connections and social potential of a coveted coastal town in British Columbia, while still offering all the modern-day necessities like groceries, restaurants, parks, schools, and services just minutes from their front door and a quick commute into Victoria.BԪַ
Prospective tenants will be able to enjoy the new-home experience of selecting their view and floor plan that is seldom available in the rental housing industry.
Monarch ApartmentsBԪַ model suite is now open. Pre-leasing has begun, and the projected occupancy date is Spring 2023. Those looking for a peaceful, yet active lifestyle in Colwood within commuting distance to Victoria are encouraged to learn more at or by calling at (778)
About Skyline Living
As one of CanadaBԪַs most prominent apartment rental providers, Skyline Living exists to provide safe, clean, and comfortable places for its residents to call home.
Providing homes in over 50 communities across Canada, Skyline Living is an industry leader in customer service, environmental stewardship, and community giving. It works to create and maintain thriving, vibrant communities for its valued tenants, employees, and the neighbourhoods in which they live and work.
To learn more about Skyline Living, or for rental inquiries, please visit .
Skyline Living is a part of .