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Renters Scramble to Find Homes - Vancouver


Blog by Claire LeLacheur | September 21st, 2008


There is a recent article in the Vancouver Sun that talked about renters in Vancouver feeling the pinch to find a good rental property. In particular those with pets, kids and part time employment are getting the boot to the end of the line when it comes to landlords making a final desicion on who whould be renting their investment apartment.

In particular, studio's and one bedroom apartments are renting at higher rates then ever, and the market is astoundingly tight for these particular units.

According to Kennedy Stewart, a researcher at Simon Fraser University, "It comes with urbanization," he said.

"A chronically low vacancy rate is the sign of a city that has to adjust its expectations of lifestyle," he said, adding that people who want to live in high-density areas of "a teenage city" like Vancouver may have to sacrifice living space, vehicles and even furry friends until the new buildings age and owners aren't as concerned about maintaining their pristine condition.

The story in the Vancouver Sun can be found here: http://www.canada.com/vancouversun/news/story.html?id=671fd888-2bc6-4155-ab52-ffd5569ab654

 

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