4 ms·
It’s nuts that the median rent now is 700$ above what I paid for a 450sq ft, two story laneway in 2017, in Vancouver BC a city known for expensive housing. Edi
by buildbot 4y ago
It’s nuts that the median rent now is 700$ above what I paid for a 450sq ft, two story laneway in 2017, in Vancouver BC a city known for expensive housing.
Edit - median rent in the USA is above this, rent in Vancouver seems stablish actually?
- glouwbug 4y agoAnd it’ll never come back down, even post covid / inflation / interest rates / stock market all time highs. I’m seriously considering learning French and moving to Montreal. Learning a new language is less painful than Vancouver rent
- gxt 4y agoTu es le bienvenu!
- seanmcdirmid 4y agoI remember when Vancouver real estate crashed and stagnated in the 90s after the Japanese property bubble burst (asking with the American west coast). It might not come down with respect to inflation, but other things can catch up, especially with a larger bubble in China on the horizon than the one Japan had.
- deleted 4y ago[deleted]
- aaaaaasss 4y agoWhat is $700 more in Vancouver? like 10% increase?
- Bilal_io 4y agoFar from it https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/Table?TableId=2.1.31.3&GeographyId=2410&GeographyTypeId=3&DisplayAs=Table&GeograghyName=Vancouver https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/Tab...
- birdyrooster 4y agoDepends where you are. Living in San Jose I have only seen my rent go down in the last couple years. I was on the fence about staying but the cost of living has improved substantially and so I won’t be leaving any time soon.
- jeromegv 4y agoSo basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down. Vancouver is artificially limit housing supply through zoning (like many large cities), keeps price high and gets higher every year with increase in population.
- mlyle 4y ago> > Living in San Jose I have only seen my rent go down in the last couple years. > So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down. It may have worked for him, but rents have still increased in the South Bay over the last couple years-- just less so than the rest of the country. It's still one of the most expensive rental markets. Vacancy rates have fallen, too. Only SF itself has lower rents than it had before COVID-19 (and fractionally so).
- birdyrooster 4y agoFor context I live downtown SJC