Posted Mar 12, 2019, 10:54 PM
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Registered User
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Join Date: Jun 2006
Location: Coquitlam
Posts: 40,136
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Vancouver right now has over 800 mansions listed for rent, its a way for the owners to get around the empty house tax.
Why are hundreds of luxury Vancouver mansions being rented for cheap?
https://www.ctvnews.ca/canada/why-ar...heap-1.4329800
Quote:
“I didn't expect this,” Roy told CTV News. “I thought when there were 25 it was noteworthy. I didn't expect to find 800.”
The city of Vancouver is facing a crisis in housing affordability, with one bedroom units averaging about $1,730 per month.
But these rentals offer a single room in a multi-bedroom house for anywhere between $700 and $1,500, with more than 5,000 empty bedrooms available across the city.
“Maybe the cheapest real estate right now is mansion rentals,” Roy said.
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