3 ms·
> If I recall correctly something like 25% of all condos downtown are unoccupied which is insane. They arent even available to rent, just sitting their empty.
by jimrandomh 8y ago
> If I recall correctly something like 25% of all condos downtown are unoccupied which is insane. They arent even available to rent, just sitting their empty.
You do not recall correctly. https://www.reuters.com/article/canada-housing-vancouver/nearly-5-pct-of-vancouver-homes-deemed-vacant-amid-housing-crunch-idUSL4N1QP593 https://www.reuters.com/article/canada-housing-vancouver/nea...
- romed 8y ago5% is barely a functioning market. Normally you'd expect 8-10% vacancy rate in a well-supplied housing market.
- Tiktaalik 8y agoHe was probably thinking of Coal Harbour, a downtown neighbourhood which did have a census non-occupied by usual residents rate between 20-25%.
- projectramo 8y agoI think i see the confusion: 1% vacancy 5% unoccupied but not open to rent So of the houses that are unoccupied, only 20% are vacant? (I actually read it as 1/6th but the point is where the confusion may have come from)
- goatherders 8y agoThanks, always nice to get a downvote when someone corrects a data point. And your link cites the whole area, not downtown. But thanks anyway.
- baybal2 8y agoThe rest of Vancouver, and the downtown is quite a different thing. In 2011, I did an occupancy survey for a college group study, and yes we counted 31% vacancy in Coal Harbour