Vacancy Rates Rise Along With Rents in Metro Vancouver

Vancouver realtor, Sebastian Albrecht discusses Vancouver’s rising rental vacancy rate in this video blog. The CMHC recently reported that the vacancy rate in Metro Vancouver doubled to 2.1%. This rise can be attributed largely to low interest rates that have moved motivated many renter’s to become first-time homebuyers. Meanwhile, rents continue to rise as Vancouver remains the priciest city in Canada to find rental accomodation.

Please share your opinion on this, or any other Vancouver real estate topic by contacting Sebastian at sebastian@sebastianalbrecht.com. Sebastian Albrecht video blogs regularly about Vancouver real estate. You can find all of his Vancouver real estate video blogs here.