Vancouver Rental Market Discussion

[kikin]

hopefully things change in the coming few years and we start to see prices ramp up again, current prices are not sustainable

[WarrenC12]

Originally Posted by kikin

hopefully things change in the coming few years and we start to see prices ramp up again, current prices are not sustainable

You want rents to increase? Not sustainable for who?

[idunno]

Originally Posted by kikin

hopefully things change in the coming few years and we start to see prices ramp up again, current prices are not sustainable

Bizarre comment!!!

[kikin]

not sustainable for investment in building more housing that will be needed because immigration is not going away and will also increase again

[whatnext]

Originally Posted by kikin

not sustainable for investment in building more housing that will be needed because immigration is not going away and will also increase again

Then land and construction prices will have to come down if people working here can't afford the rents on offer.

[WarrenC12]

Originally Posted by kikin

not sustainable for investment in building more housing that will be needed because immigration is not going away and will also increase again

You're contradicting yourself here. But this is supply and demand in action.

[Migrant_Coconut]

Originally Posted by kikin

not sustainable for investment in building more housing that will be needed because immigration is not going away and will also increase again

Even newcomers don't want $1m shoeboxes. Developers need to stop waiting for 2018 to come back and start planning for the new market (or rather, the old one).

[kikin]

Originally Posted by whatnext

Then land and construction prices will have to come down if people working here can't afford the rents on offer.

construction prices will definitely rise and land is a limited resource and will also rise

governments have to lower taxes and stop wasting money and let the economy grow as a result