Vancouver rents fell during COVID-19 crisis, Craigslist data shows

Vancouver rents have been falling since the start of the COVID crisis, and are down by as much as 15 per cent for some types of apartments, according to data pulled from Craigslist rental listings. It’s an abrupt turnaround from a historic run-up in rent rates that took off in , around the same time that home prices in the Vancouver area also spiked. Vancouver has the highest rents in Canada, according to the Canada Mortgage and Housing Corporation, as well as the highest rate of evictions, according to Statistics Canada. The Craiglist data was gathered by the author of this story starting in June of using a computer program that collects information on apartment locations, sizes and rent rates from listings. Data recently released by the rental listing site Rentals. Developers who have just completed new condo or rental buildings are offering deals to entice new tenants. Both buildings were developed by Westbank.

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Rentals have become expensive and scarce, and people are looking for roommates to offset the cost. The ads have also appeared on classified sites in other cities with hot housing markets, such as San Francisco, New York and Auckland, N. The fact that the ads have left the personals section of sites such as Craigslist and are appearing alongside legitimate appeals for roommates adds to the concern. Allard School of Law. Benedet classified the ads as soliciting prostitution and said that under current law — specifically Sec.

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The Craigslist post was shared on Reddit this week , prompting a wave of jokes and comments, but the Tenant Resource and Advisory Centre said it also highlights a number of demands that landlords in the province aren’t actually allowed to make. Current tenant loves it here and you will too. CTV News has not been able to verify that the listing is legitimate, as it was flagged for removal from Craigslist, meaning there’s no way to contact the person who originally posted it.

The person who shared the post on Reddit told CTV News it reminded him of the tenant horror stories that sometimes emerge in Vancouver’s overheated housing market, but that the unapologetic tone was still surprising. Beyond being unusual, some of the requirements set out in the post are illegal, said Zuzana Modrovic of the Tenant Resource and Advisory Centre. Landlords can’t refuse to rent their properties to people who haven’t been at their job for a specific length of time, Modrovic said.

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