Vancouver Rentals – April 2019 Stats
This month we take a look at the state of the rental market in Greater Vancouver based on April’s figures.
In April 2019, again more women were actively seeking a rental property than men – 55% and 45 respectively, as was the case in March. And the large majority of rental seekers – 44% – fall into the 25-34 year old category.
Pet Friendly Vancouver Rentals
Finding accommodation when you have a furry friend remains a challenge for Greater Vancouverites. When looking at the volume of listings online, more than a quarter (27%) of liv.rent listings were pet friendly compared to 15% of listings on other platforms.
Furnished vs. Unfurnished Rentals
Interestingly, the price differential between furnished and unfurnished rental options closed a little in April. The average rent for an unfurnished one bedroom apartment in April was $1,801 per month up from March’s $1,682 average. The average cost of a furnished apartment, however, crept downwards to $1,862 from March’s $1,930.
Remember though, despite paying premium rates to live in Vancouver, tenants are saving in other ways, primarily, on car-related expenses (vehicle, insurance, fuel and repairs). In addition, time is money, and living near where you work pays mental health dividends in terms of reduced commuting times and associated stress.
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