High-end house rents in Vancouver plunge up to 20% as inventory spikes: experts

Re:High-end house rents in Vancouver plunge up to 20% as inv... by jimrandomh on Saturday October 20, 2018 @01:15PM (#18264254)

> If I recall correctly something like 25% of all condos downtown are unoccupied which is insane. They arent even available to rent, just sitting their empty.

You do not recall correctly. https://www.reuters.com/article/canada-housing-vancouver/nea...

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Re:High-end house rents in Vancouver plunge up to 20% as inv... by Tiktaalik on Saturday October 20, 2018 @01:29PM (#18264330)

He was probably thinking of Coal Harbour, a downtown neighbourhood which did have a census non-occupied by usual residents rate between 20-25%.

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Re:High-end house rents in Vancouver plunge up to 20% as inv... by romed on Saturday October 20, 2018 @01:23PM (#18264296)

5% is barely a functioning market. Normally you'd expect 8-10% vacancy rate in a well-supplied housing market.

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Re:High-end house rents in Vancouver plunge up to 20% as inv... by baybal2 on Saturday October 20, 2018 @03:26PM (#18264957)

The rest of Vancouver, and the downtown is quite a different thing.

In 2011, I did an occupancy survey for a college group study, and yes we counted 31% vacancy in Coal Harbour

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Re:High-end house rents in Vancouver plunge up to 20% as inv... by projectramo on Saturday October 20, 2018 @02:02PM (#18264530)

I think i see the confusion:

1% vacancy

5% unoccupied but not open to rent

So of the houses that are unoccupied, only 20% are vacant?

(I actually read it as 1/6th but the point is where the confusion may have come from)

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Re:High-end house rents in Vancouver plunge up to 20% as inv... by goatherders on Saturday October 20, 2018 @02:09PM (#18264575)

Thanks, always nice to get a downvote when someone corrects a data point. And your link cites the whole area, not downtown. But thanks anyway.

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