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Vancouver’s rental vacancy rates worse than feared: MLA

The rental crisis in Vancouver is even worse than many feared, according to a Vancouver MLA.

The Canada Mortgage and Housing Corporation’s 2014 market rental report, released Tuesday, says parts of Vancouver – specifically the West End and Downtown – have vacancy rates as low as 0.3 per cent, while the city as a whole has a rental vacancy rate of just 0.5 per cent. 498 more words


West End tenants and landlord in ‘greed evictions’ seek arbitration

An arbitrator is expected to rule on a number of outstanding issues between a landlord and tenants of a West End apartment building after a hearing at the Residential Tenancy Branch on Monday. 478 more words


Relaxed rent control would create crisis in Vancouver: NDP MLA

Vancouver renters could be thrown in crisis if the provincial government reforms the current rent increase structure, warns NDP MLA David Eby.

The representative for Vancouver-Point Grey is speaking out against media reports this week that Rich Coleman, minister responsible for housing, is considering relaxing the rules to allow landlords to increase annual rents beyond the current limit (two per cent plus inflation). 211 more words


Availability of single family homes in Vancouver at record low: RE/MAX

The lack of single-family homes on the market will continue to drive up real estate prices, according to RE/MAX’s 2015 housing market outlook report.

The report, released Wednesday, forecasts average residential sale price in Vancouver to increase three per cent to $863,600 in 2015. 241 more words