The rental market is not as tight as many would have one believe. This from vomitingdog at Rob Chipmans blog 05.Feb.2009 at 1:04pm -
“I am renting in a 12 story Vancouver tower in the South Granville neighbourhood. Of the 40 brand-spanking new units in this building exactly 10 of them are rented. The other 30 are completely, utterly and totally empty with craigslist ads posted several times a day to try to fill them up. And the craigslist ads have been running for 5 months now. If you said that they are over-priced and the landlord is not open to actual market values, I would be hard-pressed to disagree. But it seems to me that landlords, even of big rental buildings, have drunk from the same kool-aid as owners. Anyone who says that the rental market is tight must be referring to bachelor’s and 1-bedrooms at the lower end of the market. But even those are now widely available and sitting empty for 1-3 months in beautiful old heritage walk-ups in this neighbourhood when they never were as available before.”
