Vancouver's rental prices are falling, listings analysis suggests - News Summed Up

Vancouver's rental prices are falling, listings analysis suggests


Vancouver's sky-high rental prices appear to have stopped increasing. Data from one analyst even suggests the price of units have dropped. Blogger and data scientist Louie Dinh compared the prices of more than 5,700 Craigslist rental listings in March of this year with those in 2018. He found the median price of one-bedroom units fell 3.8 per cent and two-bedrooms by 3.5 per cent, which in the three years he's tracked Vancouver's rental prices, he says, is "unusual." "You typically expect prices to go up just a little bit each year because of inflation and tenant turnover," he said.


Source: CBC News April 24, 2019 09:56 UTC



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