Vancouver rental market competition heats up
Feb 13, 2013
“Increase in vacancy rate induces competition among property owners”
Feb 13, 2013
“Increase in vacancy rate induces competition among property owners”
As we predicted, poor sales -> reluctant landlords -> increased rental supply & vacancy rate -> downward pressure on rent.
Uh-oh.. double-whammy of a buyer’s market and a looming renter’s market.
Akin to a stock with P/E of 40 that’s dropping in both value and yield, costs 2%/year to maintain and another 5% to sell.
Akin to a stock with P/E of 40 that’s dropping in both value and yield, costs 2%/year to maintain and another 5% to sell.
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