Renting in Vancouver BC Canada

Rental vacancy rate to decline yet again!
According to the latest forecast from the Central Credit Union of British Columbia, released this month, the rental vacancy rate will continue to decline, dropping to 0.7% by October of 2007 and to 0.5% in October of 2008. Rents are expected to increase 2% in 2008. Current rental rates for new construction are approaching $2.50 and a bit beyond for choice locations and views, while more average stock is averaging $2+ psf. The strongest market of all is in the entry level suites under $1500 per month, the market for larger suites is softer.
(first posted July 13, 2007)