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?