tag:blogger.com,1999:blog-31427364.post7360796070722550640..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Vancouver Rental Market Update April 2012mohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-31427364.post-62737961082272419702014-09-09T01:55:41.611-07:002014-09-09T01:55:41.611-07:00Looking to rent an apartment or a house in Vancouv...Looking to rent an apartment or a house in Vancouver or its surrounding cities? Read a few recommendations on how to choose the best neighborhood for your lifestyle and budget. What to consider when deciding if you want to rent in downtown Vancouver, Burnaby, New Westminster, Surrey, Richmond, or North <b><a rel="nofollow" href="http://www.sterlingfurnishedsuites.com/">Vancouver Furnished Rent</a></b>.Anonymoushttps://www.blogger.com/profile/12914128829173608775noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-75724827679402578542012-06-15T04:28:16.034-07:002012-06-15T04:28:16.034-07:00No need to look at US markets, Toronto during the ...No need to look at US markets, Toronto during the early 90's bust is a good example - real rents dead flat all the way through. Same for Vancouver in the early 80's and late 90's.<br /><br />The people who think that a falling ownership rate should result in rising rents don't understand that a falling ownership rate necessarily means an increase in rental stock.<br /><br />During a bust growth in total stock slows of course but incomes are also down.patriotzhttps://www.blogger.com/profile/11154064267408955762noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-142190220991457332012-06-13T09:13:58.024-07:002012-06-13T09:13:58.024-07:00Liquid, the rental market is somewhat of an enigma...Liquid, the rental market is somewhat of an enigma when it comes to vacancy rate. I can provide some context, when I've rented out basement suites the price is very important. List at, say $800/month I got lots of calls, list at $850 I got crickets. Renters are cost-sensitive for affordability reasons and will figure out a way of finding accommodations one way or another. Many landlords will mothball suites if tenant quality looks suspect (usually wrought through previous bad experiences). The market is also rather fluid, on the basement suite end I would normally not expect more than 1-2 years from a tenant before they move elsewhere, even if rent increases were kept to a minimum.<br /><br />If we use US rental markets as a gauge -- which I think is predominately valid -- rents increase roughly at inflation even when prices crash. I know this may not make intuitive sense to some but that's what happens, and IMO is the most likely outcome if Vancouver's prices hit a weak patch.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-11897338368308535172012-06-12T21:28:44.633-07:002012-06-12T21:28:44.633-07:00Nice info Jesse. Those are some healthy looking va...Nice info Jesse. Those are some healthy looking vacancy rates. It's good to know that even with a growing supply base there are still enough people to fill them in. I can't figure out where the bulk of the demand for housing is coming from though. Are there really that many people moving into Vancouver, or are more adult children moving out from their parent's house like I did a few years ago.Liquid Independencehttps://www.blogger.com/profile/11691759486047111147noreply@blogger.com