2 bedroom rents up $41 per month
Here’s a interesting tidbit: looking at craigslist you might get the impression rent in Vancouver has doubled over the last year or two with asking rents of $3400 for a one bedroom suite downtown. CMHC stats sees things differently with the average 2 bedroom rent going up over the year from $1045 to $1086 with the vacancy rate edging up .1 percent in that time.
I was at a party recently where the subject came up and was a bit staggered by some of the numbers thrown around – they were far lower than I expected. One couple was paying $850 for a 3 year old townhouse near Main street, another was paying $550 for a bachelor suite in Kits. I’m assuming these are better than average deals, but what are apartments and houses renting for in Vancouver? What is the expectation and what is the reality?
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February 16th, 2010 at 7:30 pm
I’m searching for housing and, as you can see, I’m coming from abroad.
I have CAN$350 for rent in my (draft) budget. Would you think I might find something near 1380 Burrard Street? I’m aware that I might need roommates for that or is just way out of the question with that amount?
The basement suites sound like a really good option!
April 28th, 2008 at 7:05 pm
Interesting, I’m not seeing too many people renting whole houses here. We’re paying 1850 month for a 3/2 1800 square ft apt. above retail near Main. It took us 4 months to find this place. Looking for something that takes pets and is suitable for a family is *brutal*. Everyday for over 4 months. Most places gone by the time I called them. Lots of basement suites available, or Vancouver special duplexes..but I found the rental market really tight. A few houses we looked at in the $3000 range were in such bad shape that I thought the (exposed) wiring would start sparking as we walked through.
February 22nd, 2008 at 10:16 am
Just walking and looking for For Rent signs is a good bet.
February 22nd, 2008 at 10:03 am
Hey Everyone,
Since Craig’s List is usually over-priced, what are the better resources, websites, methods, etc., to use when looking for an apartment (West End, Westside)?
February 4th, 2008 at 8:56 am
hey everyone, i rent a 1 bedroom directly across from kits beach for 900.00.
January 31st, 2008 at 3:48 pm
Strataman,
yes, that’s what they’re asking for. i don’t know if the landlord can get that, but it’s a pet friendly building. hard to come by in kits area i guess.
January 30th, 2008 at 8:39 pm
rock “today $1700″ do you mean thats what they’re asking or? Anyone who looks for more than a couple of days can find a two bedroom with in-suite laundry recreation facilities and be right downtown in a building no older than 5 years for 1800.00. For that age(1970’s) you can find quite a few places in Kits right off the beach, for $1200.00. I would imagine the guy moving out who paid $1400.00 found out he was a sucker, and probably got a far better place a couple hundred cheaper.
January 30th, 2008 at 7:10 pm
fairview area, 1970s apartment building. main floor, !!!facing dumpster!!!! 6 months ago, for 2br, asking $1500, today $1700…. tenant moving out soon paid $1400.
January 29th, 2008 at 2:28 pm
Digi-see this article:
http://www.canada.com/vancouve.....mp;k=98966
January 29th, 2008 at 10:02 am
Kerrisdale: I don’t think anyone actually spends 70% of their gross income on housing, how would you eat? 10% is a very good ratio though, ours is about the same. 1100 west side two bedroom apt – that includes all the utilities etc, and sure makes it easier to save, travel and invest.
January 29th, 2008 at 9:56 am
that is a 2 bedroom…sorry.
January 29th, 2008 at 9:55 am
We live in a 850 sq foot bedroom, older building with a balcony in Kerrisdale.
We pay 1050 a month including parking.
We have 2 kids…it’s smallish but we spend most of our time at work/school and are outdoors on the weekends.
We are saving money…maybe we will buy someday but certainly not now. We spend less than 10% of our gross income on “housing”.
Can’t imagine spending 70%!
January 27th, 2008 at 10:51 pm
i did phone the rto about showing suite, and waited 45mins before someone answer my phone. She told me that open house would be too inconvenience for the tenants (unless tenant agrees), but showing for 10mins 15mins would be tough to refuse if they give you 24hr notice.
About 4 years ago, we live in an apartment owned by nacel properties and it was even worse. They demanded inspection every month to see if you’re grow-op in their suites. The manager would come in and walk around for few seconds and leave.
I can say renting really do sucks
January 25th, 2008 at 9:17 am
OH yeh!! I would also sue for the theft of a million dollars worth of diamonds that were missing after each visit!
January 25th, 2008 at 9:14 am
jj “The showing part…. that’s totally unbearable. 2-3 times a week, ten, twenty people come in to your place and sniff around everywhere, opening closets, asking questions… TOTALLY SUCKS…” I wonder if this is even legal, anybody really familiar with the rental tenancy act? Seems to me a tenant should be able to refuse showings and anything other than a owner inspection once every three months would be considered undue harassment, unless it was previously agreed to in the rental contract. If that happened to me I would simply refuse access to anyone but the registered owner. Where is it written that a legal tenant has to do this? Input anyone?
January 25th, 2008 at 2:35 am
Drachenn,
The real hassle was the 24hrs notice that the Realtor gave to show the condo.
The showing part…. that’s totally unbearable. 2-3 times a week, ten, twenty people come in to your place and sniff around everywhere, opening closets, asking questions… TOTALLY SUCKS…
At last, we moved out within 1 month, got all the deposit back, and the condo was sold in 3 weeks time, and we endured all that hassle. That was June 2007.
It’s hard to even find the owner. He is a US investor, doing show business in Las Vegas and half the year he’s in Germany. It would be near impossible to file for rents back when dealing with foreigner.
January 23rd, 2008 at 10:52 pm
First time poster, long time lurker!
Moved to Burnaby from Calgary 4.5 years ago. Took the first place I saw. Landlord is now 83 years old and has had tenants for past 20 years or so. Basement suite in a 60 year old place. Nothing fancy, but approx. 1100 sq ft. (Most of my living is done in about 650 sq ft though, but the extra storage space sure is nice.) Pay $525/month. All utilities including ‘extra’ cable are included in the rent plus I have unlimited access to washer/dryer. Only thing I pay is phone/internet. Couldn’t be happier!
January 23rd, 2008 at 9:51 pm
Off topic…maybe Rennie should cool the rhetoric a little…
Marty Ummel feels she paid too much for her house. So do millions of other people who bought at the peak of the housing boom. What makes Ms. Ummel different is that she is suing her agent, saying it was all his fault.
…
“There are a lot of letters going out from lawyers to real estate agents saying, ‘My client would never have purchased if you had properly evaluated the market conditions and the value of the property.’ ”
January 23rd, 2008 at 9:42 pm
Hey stop posting as me!