Vancouver

Why Is There A Housing Crisis In Vancouver?

The reports conclude that, despite city hall approving a record number of purpose-built rental housing in 2021, a combination of a growing population, high real estate prices, and rising rent and declining rental vacancies “is contributing to an ongoing crisis in housing affordability and availability.” What is causing the housing crisis in Vancouver? In early …

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How Much Has Rent Gone Up In Vancouver?

Month-over-month, median rent for a one-bedroom in Vancouver increased by 1.80%, while increasing 14.90% year-over-year. For a two-bedroom, Vancouver median rent saw a 5.10% increase month-over-month, and a 20.90% increase year-over-year. How much has rent gone up BC? Previous Maximum Rent Increases Year Maximum Allowable Rent Increase 2020 2.6% 2019 2.5% 2018 4.0% 2017 3.7% …

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