05/20/2026
Vancouver Island rental landscape is behaving a bit differently as we move through the peak leasing season. 🌄
For years, local real estate felt like a runaway train. Low vacancy rates and intense competition meant that almost any property listed in Greater Victoria or Nanaimo would lease instantly, often with dozens of eager applicants fighting over it. 🏘
But as the data rolls in, it’s clear the narrative has shifted. With a significant wave of new purpose-built rental supply entering the market, regional vacancy rates have nudged up to heights we haven’t seen in decades—hovering around 3.3%. Combine that with a provincially mandated 2.3% rent increase cap, and the board has been completely reset. Read our newest blog post to find out more!
https://thepropertymanagers.ca/blog/reading-between-the-lines-what-the-2026-vancouver-island-rental-statistics-really-mean-for-landlords/