Rental Market Housing Report Vancouver CMA 2016

Rental Market Housing Report Vancouver CMA 2016

Key Analysis Findings

„„Strong employment growth, population growth and rising entry-level home prices support strong demand for rental properties.

„„Strong demand for rental accommodation outpaced new additions to the supply, pushing vacancy rates lower for both primary rental apartments and rental condominium apartments.

„„These supply – demand dynamics have put upward pressure on rents in the region.

„„Starts of purpose-built rentals have reached record highs 

PUBLICATION DATE: 2017