[whatnext]

Vancouver rents are flatlining:

It appears Vancouver rent prices have finally stabilized, and like all real estate cycles, could be on a path towards declining. Recent data from local data scientist Louie Dinh of Quantitative Rhetoric, shows rent prices were essentially flat year-over-year in August...

...Flatlining rents and a rising number of listings should come as little surprise to those who are familiar with real estate cycles. In the early stages of the cycle vacancy rates tend to fall and rent prices increase. However, as the real estate market begins to slow, while simultaneously new construction ramps up (currently at all time highs in Vancouver), vacancy rates increase and rent prices begin to fall as an abundance of new supply overwhelms the market..

http://vancitycondoguide.com/rent-price-growth-flatlined/