And it’ll never come back down, even post covid / inflation / interest rates / stock market all time highs.

I’m seriously considering learning French and moving to Montreal. Learning a new language is less painful than Vancouver rent

I remember when Vancouver real estate crashed and stagnated in the 90s after the Japanese property bubble burst (asking with the American west coast). It might not come down with respect to inflation, but other things can catch up, especially with a larger bubble in China on the horizon than the one Japan had.

Tu es le bienvenu!

Depends where you are. Living in San Jose I have only seen my rent go down in the last couple years. I was on the fence about staying but the cost of living has improved substantially and so I won’t be leaving any time soon.

So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down.

Vancouver is artificially limit housing supply through zoning (like many large cities), keeps price high and gets higher every year with increase in population.

> > Living in San Jose I have only seen my rent go down in the last couple years.

> So basically.. showing that supply and demand works. Lots of people left SV due to remote jobs and COVID, demand dropped, price went down.

It may have worked for him, but rents have still increased in the South Bay over the last couple years-- just less so than the rest of the country. It's still one of the most expensive rental markets. Vacancy rates have fallen, too.

Only SF itself has lower rents than it had before COVID-19 (and fractionally so).

For context I live downtown SJC

What is $700 more in Vancouver? like 10% increase?

Far from it

https://www03.cmhc-schl.gc.ca/hmip-pimh/en/TableMapChart/Tab...