Vancouver rents increased 15 per cent from April to August and are on track to grow by 20 per cent this year if they keep up the pace, according to rental data collected from Craigslist by UBC economist Tom Davidoff.
“On an annualized basis, I’m finding rents are going up since March,” the economist told Metro. But the findings, which include both one bedroom and two bedroom apartments, are at odds with data from PadMapper – a rental site that aggregates listings from a wider net including Craigslist, ViewIt and Kijiji.
According to PadMapper the average rent for a one bedroom in Vancouver stayed around $1,700 between mid-May and mid-August with a small uptick to $1,740 in between before settling back at $1,700. The average price of a two bedroom actually fell from $1,780 to $1,720 during that same period.
So why the discrepancy? One reason is the lack of cohesive data. While the Canadian Mortgage and Housing Corporation issues that monthly roller coaster ride that is the country’sRead More »from Rising rent prices in Canada remain tough to clearly track