VIGERS has formed a new company aimed at Hongkong clients wanting to invest in property in Canada and the United States. The company, Vigers Canada (HK), will offer a brokerage service for Hongkong investors wanting to buy, sell or manage North American properties. It will initially concentrate solely on Vancouver, said Ms Christine Lam, investment consultant at Vigers. It would later include Toronto and other North American cities, she said. In the US, the company would probably focus on San Francisco and cities along the West Coast, Ms Lam added. She said the company was focusing on Vancouver first, because it was the most active market in North America. According to Vigers, low mortgage rates and government incentive programmes had made property more affordable in Canada. The company expects Canada's low inflation rate to keep interest rates low and boost investors confidence. Although the number of completed condominium units has increased, it expects the higher level of supply to be balanced by increased demand, particularly for lower-priced units. Vigers is predicting that migration to British Columbia from other parts of Canada and overseas will increase by five per cent this year. It expects the population growth to put additional pressure on the housing market, driving up the prices of both land and housing. In the rental market, Vigers expects the increasing apartment rents seen in Vancouver in 1992 to continue this year. Vancouver's rental market has one of the lowest vacancy rates in Canada - 1.6 per cent, compared with a national average of 4.8 per cent. The first project by Vigers Canada (HK) was marketing units in Cityview, an eight-storey residential building in Vancouver. The units range from 388 square feet, to 829 sq ft, with an average price of C$195 (HK$1,210) to $200 per sq ft. Vigers' new company is based in Hongkong, and operates in conjunction with its existing Canadian and American operations.