First mortgage financing has been arranged for the construction of The Adelaide, a 105-unit multi-family building located in Esquimalt, BC. Located in the beautiful West Bay neighbourhood, this site is located steps away from the Songhees Walkway and will have direct views of the West Bay Marina, Victoria Harbour, Inner Harbour and the Olympic Mountains. With the record-breaking rent growth of 7.7% in the Victoria CMA, this multi-family building will provide much-needed rental supply to the greater Victoria area.
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