Vancouver remains the priciest city in Canada for renters, though rents for vacant apartments are gradually decreasing from last year’s peak. According to the latest rental market reports, the average monthly rent for an empty one-bedroom apartment in Vancouver is now $2,690, a 4.6% drop from last year.
James and Denny discuss what they’re observing in the real estate market and how falling rental rates impact their day-to-day work.
This episode will focus on what’s happening in Vancouver’s rental market, how rental rates affect investors, cash flow with current mortgages and rental prices, rental rates going down across the Lower Mainland, being a landlord and rental-specific data in Brentwood, New West, Surrey, Port Moody, and Port Coquitlam.
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