Vancouver's Hottest Rental Market: Are Prices Finally Cooling Down?
Description
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 rent 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 happening in Vancouver rental markets, 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.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
Email us at garbuttdumaspodcast@gmail.com
James Garbutt
james@gdrealestate.ca
Instagram: /jamesgarbutt
Facebook: /jamesgarbutt
Denny Dumas
denny@gdrealestate.ca
Instagram: /denny.dumas
Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca
United States
