News
Canadian Residential
Central Saanich, B.C. – December 2, 2025 – Starlight Developments (“Starlight”) is pleased to announce that Bella Vista, its 235-suite rental housing community on the former Marigold Nursery site, is now fully leased. The full leasing of the development, which was unanimously approved by Central Saanich council in 2022, represents a significant milestone in addressing the district’s rental housing shortage.
“We are thrilled with the quick and positive response to this project from the community,” said Michael Hanak, Senior Vice President, Leasing and Marketing, Starlight Investments. “Bella Vista has provided much-needed rental housing in Central Saanich and its strong leasing performance demonstrates the increased demand for quality rental housing options in this area.”
The two six-storey buildings on Hackett Crescent, off Lochside Drive, completed construction in January 2025 and are already fully leased, delivering high-quality rental homes to residents. The project includes eight affordable homes and a wide array of amenities such as a fitness center, co-working spaces, rooftop terraces with stunning views and an on-site dog run; each suite is pet friendly.
Bella Vista features a suite mix of high-quality studio, one-bedroom, two-bedroom and three-bedroom layouts. With proximity to major highways and public transit, nearby hiking and biking trails, and short drives to the Victoria International Airport and Sidney Ferry Terminal, Bella Vista stands out as a highly livable community.
As part of the development process, Starlight also invested in pedestrian improvements to the surrounding area and included a pedestrian right-of-way to a neighbouring property.
The need for rental housing in Central Saanich has been acute, with no new rental projects built between 1977 and 2013 – leading to inadequate supply to meet the current demand.
Starlight has been active in the region, recently announcing the groundbreaking of Harris Green Village in Victoria. The city’s largest multi-family housing project to date, upon completion the three-phase, mixed-use community will bring over 1,500 new rental homes to the downtown core.
Starlight is one of Canada’s leading developers of purpose-built rental housing with several dynamic projects underway across British Columbia’s Lower Mainland and Vancouver Island. Being at the forefront of residential development in Canada, Starlight is dedicated to ensuring the longevity of its existing residences and increasing the availability of quality rental housing across the country. With a development pipeline positioned to create thousands of new rental suites in the next ten years, Starlight is committed to creating safe and welcoming places for residents to call home.
On November 27, Starlight was named Developer of the Year at the 2025 Capital Region Commercial Building Awards in Victoria, BC, along with receiving the Multi-Family award in the Visionary category for Bella Vista.
About Starlight Investments
Starlight Investments is a leading global real estate investment and asset management firm. A privately held owner, developer and asset manager of over 70,000 multi-residential suites and over 7 million square feet of commercial property space with CAD $30 billion AUM, Starlight offers a range of investment vehicles across various real estate strategies. Starlight’s guiding mission is to balance its tenure with visionary curiosity to create positive impact for investors and communities alike.
At Starlight, we invest with impact. Learn more at www.starlightinvest.com or connect with us on LinkedIn.
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