The rental market is open – wide open.
In mid-October 2009, people were lining up at the Pique office first thing Thursday morning to get copies of the paper fresh from the printer to secure one of the few rental units posted. At that time the Pique classifieds included 130 long-term suites, houses and apartments available in Whistler and Pemberton combined.
This October there are 269 long-term rental units available for the same region.
Squamish has stayed steady with 36 rental units available last year and 37 this year, but it is clear the Whistler market favours renters for the first time in years.
Part of the increase in availability over the past year can be attributed to rentals held back by owners who tried their luck in the vacation market during the Winter Olympics. Development and a more accessible ownership market in Whistler has also contributed to the surplus. New, affordable housing at Cheakamus Crossing and Rainbow has encouraged more people to buy, leaving an excess of rentals available in their wake.
Read the full article in the Pique News