Help At Last For The Metro Vancouver Rental Market
Rental vacancy rates in Metro Vancouver dropped 0.8 last year while average rent prices spiked. This is a concern. The regional economy relies on the rental housing market to attract and retain a diverse work force and the rental demand is growing.
The creation of new rental housing can be challenging due to high land prices and construction costs, as well as neighbourhood opposition to densification. Local governments and the development industry are working together to overcome these challenges and to increase the much needed supply of rental housing.
Read full article in the March edition of Westcoast Homes & Design: Rental Housing Article