DK RentalA collection of research and reports on the topic of Rental Stats & Trends in the rental property management business around the globe. Read through, see where opportunities are heading and share your opinions.
Average rents have gone back up. However, the numbers are related to downtown rentals. Not all 1 bedrooms are $2150. It depends on the building, location, amenities, furnished or unfurnished, including parking, storage locker, and utilities.
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Rentals.ca provides great rental market data and research. Do you use Rentals.ca? Do they help you place qualified tenants quicker than other rental listing platforms?
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The commentary about the divergence between wage rate growth and inflation isn’t new. When did we ever experience wage rate growth higher than inflation rate growth?
Read Full ArticleThe BC government abolishing the rental & age restrictions in strata will add about 2300 more rental suites. The key to avoiding having bad tenants is proper tenant screening by landlords. Under this change, the strata can also evict the tenant. What are your thoughts?
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Liv.rent's rent analysis is a fair representation of the rent rates across the different municipalities vs. other reports that make it look like the high asking rents in downtown Vancouver are the same across the board. What are your thoughts?
If you read the stats, the problem isn't new as it has been happening for decades. The question is instead of blaming the government and society for the lack of rental housing. How can both the private and public sectors create a viable solution to address the multiple tiers of housing for each demographic group? The fact is that new purpose-built rentals are not "cheap" unless they get subsidized by the government. As buildings age, the maintenance and repair costs increase. A never-ending and challenging problem. Can near and long-term solutions are created by crowdsourcing?
Vancouver continues to attract global tech companies. We are the Silicon Valley of the North. Attracting more highly skilled workers who need rental housing.
