Vancouver rent prices

Metro Vancouver rent prices have fallen for the third consecutive month

Four of Canada’s top five most expensive cities to rent in are located in Metro Vancouver. Metro Vancouver rent prices have fallen for the third consecutive month but are still the highest in the country. Rental prices for a newly-listed unfurnished, one-bedroom apartment fell $21 from $2,362 to $2,341 this month, according to liv.rent’s latest report. In December 2022,…

Cheapest places to rent in Vancouver

Map: Here are the cheapest neighbourhoods for rent in Metro Vancouver this December

Your guide to the cheapest rent in the most expensive market in Canada. Locals seeking cheap Metro Vancouver rent in December 2023 can find low-cost options in Surrey and Langley. If you are looking for affordable Metro Vancouver rent, you might be looking for quite some time. Listen to this:   Average prices for unfurnished,…

Affordable housing shortage

Tofino Hotel builds homes for staff to tackle affordable housing shortage

Charles McDiarmid, managing director of Wickaninnish Inn, joins BNN Bloomberg to discuss the hotel’s strategy that tackles both labour and housing shortages at the same time. After 27 years in business and 27 years of affordability issues in Tofino, they decided to take matters into their own hands and build their staff housing. READ MORE

Rental Housing

Laneway homes coming to Burnaby as city tries to battle housing crisis

Zoning change is part of a trend to allow more homes on city lots to increase supply. Tessa Vikander · CBC News · Posted: Sep 19, 2023, 5:00 AM PDT | Last Updated: September 19 Rental housing Single-home lots in Burnaby are notably large, and the population density is about half of Vancouver’s. Despite its comparatively low density, Burnaby’s approval of…

CMHC

Canada invests over $48 million for new rental homes in Vancouver

Vancouver, British Columbia, October 13, 2023 The Government of Canada has supported the construction of 104 purpose-built rental homes for residents of Vancouver through $48.5 million in fully repayable low-interest loans through the Rental Construction Financing Initiative (RCFi). This announcement follows the Honourable Sean Fraser’s, Minister of Housing, Infrastructure and Communities, August 16 visit to…

B.C. government takes aim at short-term rentals

Update: B.C. government takes aim at short-term rentals with steeper fines

The goal is to discourage landlords and investors from taking desperately needed suites off the long-term rental market by listing them on websites like Airbnb and VRBO Katie DeRosa Published Oct 15, 2023 B.C. is aiming for rule-breaking short-term rental operators with a proposed law that would increase fines and ban most short-term rentals that…