Quote:
Originally Posted by Klazu
Sure, but based on my own experience on the rental market, landlords today are completely out of touch with what Regular Joe can afford and think there is endless market for upscale units. I have noticed several units being converted to furnished and prices being pumped by $1000. Considering that furnished units are normally rented for short term, I just wonder how all these landlords are thinking they can find a tenant for 1 year contracts which almost everyone seems to be mandating...
The whole rental market is completely broken right now. If you have an ongoing contract, do not even think of leaving! Prices have gone up by over 20% in just one year.  |
I've been looking and have been struggling to find a non-tiny 1 bedroom in my price range, whereas just 6 months ago it would have been easy. Metrotown appears to be commanding prices at or even beyond what would be commanded anywhere in CoV.