Re:Millennials Flee Vancouver for More Affordable Cities
by Serow225 on Wednesday March 16, 2016 @10:12AM
(#11297426)
That estimate of real-estate/rent cost for Vancouver seems low to me.
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Re:Millennials Flee Vancouver for More Affordable Cities
by sospep on Wednesday March 16, 2016 @12:38PM
(#11298622)
Your right. For a typical 1 Bedroom unit, in the city, you would be looking in the $1500 ballpark, a 2 Bedroom unit closer to 2K. For a 3 Bedrooom unit, well good luck with that.
Even with the cost/affordability, the bigger problem is the lack of availability of rental units. The current vacancy rate in the city is at 0.8% and heading downwards.
Sad thing is, there is LOTS of empty condo's!