Attachment 8. Christie Point Demographic and Rent Analysis

Rents at Christie Point are well above the View Royal average rents for two- and three-bedroom unit types, and are above the Victoria CMA average rents as well.

As of March 2017, average rents at Christie Point are $1,203 for a 2 bedroom, $1,425 for a 3 bedroom, and $1,635 for a 3 bedroom townhouse (or a weighted average of $1,600 for all 3 bedrooms).

The following graph shows, by unit type: maximum and minimum rent, the interquartile range (the grey box, within which 50% of renters lie), and the median rent.

Only 25 households out of 159 have lived at Christie Point for more than 10 years; on the other hand, 115 suites (72%) have been occupied by the same tenant for 5 years or less. The average tenure for all residents is 5 years.

The following graph shows, on a more granular scale than the previous graph, that the majority of tenants have moved to Christie Point in the past 5-10 years or less.

Note the following three graphs (on resident age, family status, and income) are based on the data collected at the time units were first leased, and only since Realstar took over in 2014. Nonetheless, the results are probably representative so they are presented here.

There is a wide range of age groups among residents at Christie Point, as shown below.

Less than one quarter of households are families with children, and the majority of tenants are either single individuals or married couples.

There is a wide range of income levels among Christie Point tenants, with the single largest group being those in the upper range of incomes ($80,000 or more).