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Residential Leasing Market Snapshot – 2Q18

With the advent of the new vacancy tax, more developers are expected to put their stock up for lease to avoid units standing empty.

Residential rents rose between 1-2% in the second quarter of 2018, with the biggest increase seen in Mid-Levels, which remains one of the city's leasing hot-spots. In addition to tenants from the banking and finance and retail sectors, mainland investors were also active in the leasing market heading into the middle of the year. 

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