Is Vancouver pricing itself out of the rental market?

by |
With rents continuing to rise Vancouver is becoming increasingly unaffordable.  With a vacancy rate of just 1.8 per cent and rent controls allowing inflation plus 2 per cent, some are finding that they can’t find property they can afford or are just not willing to pay more for less. A report in the Vancouver Sun highlights the issue through the eyes of a single woman who has taken the decision to move to Montreal to be able to afford to live. Having found Vancouver rentals such as a 500 square foot apartment for $1,500 per month she decided that she’s rather take chance on Montreal’s tougher weather conditions and move. Read the full story.

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions