May 2021 Rental Trends

Posted on May 14, 2021

Rental Trends for May 2021

Almost halfway through 2021 and today we will be looking at the cost of rent in Metro Vancouver. Here is the latest data and trends to share with you!

Average rent for Metro Vancouver

Rental rates in Vancouver have been steadily rising since February, after a significant decline in 2020. The average rent for an unfurnished o...

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UBC says Vancouver rental crunch driving up waitlists for student housing

Posted on Jul 17, 2020

The University of British Columbia (UBC) says Vancouver’s housing crunch and sky high rental prices are playing a part in the university’s near-record long waitlists for student housing.UBC’s managing director of student housing Andrew Parr says the university is getting more last minute requests this year from students who normally wouldn’t apply...

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Supporting renters, landlords during COVID-19

Posted on Jul 08, 2020

To support people and prevent the spread of COVID-19, the Province is introducing a new temporary rental supplement, halting evictions and freezing rents, among other actions.  
The new rental supplement will help households by offering up to $500 a month towards their rent, building on federal and provincial financial supports already announced for...

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City of Vancouver proposes rental-only zones

Posted on Jun 30, 2020

The City of Vancouver is touting a new list of actions it says will protect renters and improve the rental market.The city is creating a new position, the renters protection manager, whose job will be to inform renters of their rights when a landlord wants to redevelop their property, along with helping them navigate issues like permit information...

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Four Seasons Hotel Vancouver to close in 2020

Posted on May 02, 2018

The Four Seasons hotel in downtown Vancouver is shutting down after operating for more than 40 years.

The hotel, located on West Georgia Street next to Pacific Centre, will close for good on Jan. 31, 2020.

A statement said the hotel's landlord, Cadillac Fairview, didn't renew its lease for the property.

  • Cadillac Fairview sued the hotel in December, al...

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British Columbia considers halt to exclusive access for condo presales

Posted on May 01, 2018

Forcing developers to make preconstruction condo units available to all potential buyers at the same time and the same price is something B.C.’s Finance Minister says she is open to trying in order to help make real estate more affordable in and around Vancouver.It’s part of a broader promise by the B.C. government to address soaring real estate pr...

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