Rental Trends in April 2020 This month, we take a closer look at what the reported average rent prices are across the Greater Vancouver Area. Based on gathered data from numerous listing websites, we see a general downward trend in rent across the city. Average Rent across Greater Vancouver Below we show the average rent of a 1 bedroom, unfurnished apartment over the 6-month, November-April time frame. Average rent for unfurnished, 1 bedroom ...
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The provincial and federal governments of Canada have unveiled sweeping assistance packages to help all Canadians through this unprecedented time. We at liv.rent are here to help landlords and tenants navigate the resources newly available to them during the COVID-19 pandemic. For a quick summary of events impacting Landlords and Tenants, refer to our post: COVID-19 - Update For Landlords and Tenants. Table of Contents For website directories and contact information, jump to the following ...
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In these unprecedented and uncertain times, managing any and all of your responsibilities can seem daunting. However, knowing that your friends, neighbours and fellow global citizens are sharing this experience, will hopefully add a level of comfort and encouragement. For landlords, what are your responsibilities to your tenants and your rental property during the Coronavirus (COVID-19) crisis? For tenants, how should you respond? For information on how to navigate the COVID-19 outbreak, jump to the following sections: Landlord UpdatesRenter ...
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Rental Markets in Canada What's it like renting in Canada? Rental supply is tight across Canada with vacancy rates hovering around 1% in Vancouver, Toronto, and Montreal. This lack of housing supply is compounded by the fact that there has been no significant purpose-built rental housing construction in our biggest cities since the 1970s. However, change is afoot. Quick Overview What is Purpose-Built Rental Housing? History of Purpose-Built Rental Housing 2020 Outlook - The Rise ...
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When renting out your property, it is absolutely crucial that you carefully think through a set of rules for your tenants. Many of these should be reflected in the Lease Agreement providing as much detail as possible to avoid any ambiguity. Ultimately, this will help you avoid conflicts with your tenants and, hopefully, preserve the condition of your rental property. Top 12 Considerations when setting Rental Property Rules We’ve outlined the ...
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Montreal Rent Trends Let's take a closer look at the average rent in Montreal, rent trends, and renter demographics based on March 2020's figures. The numbers this month point to a sustained upward trend following February's dip but a stabilizing forecast as we move into April 2020. Montreal Unfurnished vs. Furnished Rent Averages The average rent in Montreal for an unfurnished one bedroom apartment in March is $1,413 up from February's $1,380. The ...
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March 2020 Toronto Rent Prices Let's take a look at Toronto rent trends 2020 for March. Rental rates continued to dip in March but we predict they will stabilize as we move into the spring market. Toronto Furnished vs. Unfurnished Rentals What is the average rent in Toronto? The highest average rent in Toronto for an unfurnished one bedroom apartment is $1,847 (down slightly from February's $1,888) while the average rent in Toronto ...
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March 2020 Vancouver Rent Prices As we near the end of the first quarter of 2020, let's take a closer look at Vancouver rental prices, renter demographics, and rent changes in Greater Vancouver based on March 2020's figures. The Vancouver rental price numbers for March dipped but we forecast a stabilizing trend as we enter Spring 2020. Vancouver Renter Demographics In March, the vast majority of rental seekers, 48%, fell into the 25-34 ...
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Vancouver Rental Market 2020 2019 saw Metro Vancouver's homeownership market slow down significantly for the first time in years with accompanying decreases in property values. This slow down was not reflected in the rental market which saw vacancy rates of 1% and some of the highest rental rates in the country. Despite these discouraging figures, strong construction activity and newly built rental housing (thanks to incentives for builders) offer some hope ...
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What is old is new again – this holds particularly true for New Westminster’s Brewery District neighbourhood. More than 150 years ago, a group of British military engineers called Sappers set up camp where the majestic Fraser River splits north and south to survey land that would briefly become the capital of British Columbia. Though New Westminster lost the provincial government to Victoria by 1862, the area had quickly become home to ...
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