4 ms·
Yes, it's an increasingly tight market right now -- I just moved at the start of August -- but rents are still reasonable here for a city of Vancouver's size an
by sdm 10y ago
Yes, it's an increasingly tight market right now -- I just moved at the start of August -- but rents are still reasonable here for a city of Vancouver's size and development. Though this may change if the market if the current tightness, which only started about 6 months ago, maintains for a few years.
The point remains, if you rent in Vancouver the city doesn't rank very high on the most expensive cities in the world list.
- derefr 10y agoI'm not sure what you're saying here: the value of a commodity is measured by the probability distribution of being able to buy that commodity for a given price. If it's hard to find a unit to rent at price $X, that's the same thing as units being more expensive than $X. Imagine paying an agent to watch MLS and leap on offers for you, or paying other people to temporarily leave the market, or just spending your work-hours at home on the phone to realtors, etc. The inefficiency of those things is, itself, part of the cost of the unit.