Some successful Olympic rentals; for the Olympic record. – vreaa
Invisiblehand at RE Talks 13 Jan 2010 1:20 pm – “I know of a nice west end home around 4000 sqft that went for around $2000 per night for 35 nights.”
HabitualLurker at RE Talks 13 Jan 2010 3:27 pm – “Back in September 2009 I was contemplating an offer – 1 month for $10K, for my furnished suite within walking distance to venues. Typical rent for a suite like mine in this building is around $1200-1500/mo., unfurnished so I took the money and ran. 75% has been paid out already. 25% due @ noon on the day the tenant vacates. Even though some work is involved (I’m a bit OCD so I calculated it to be approx 100 hours of inconvenience), it still works out to $100/hr which I’ll take.”
habs100 at RE Talks 13 Jan 2010 3:57 pm – “A friend rents out one bedroom condo in dt vancouver for two months for the Olympics. Less than 600 sqt. can’t remember the name of the building. Full furnished. I think the contract is $8,000 for the two month duration.”
househunting at RE Talks 13 Jan 2010 6:07 pm – “I know of two people that own in Elan on Seymour St in downton that rented out their 2 bedrooms suites furnished and will net $14,000 each for the month of February. They went through a rental agency.”
Lady Luck at RE Talks 13 Jan 2010 6:46 pm – “Whistler rents are huge. The highest one I know of is a 4 bed luxury home $160 000 for 2 weeks. The client is a movie star.”
mabajada at RE Talks 13 Jan 2010 7:46 pm – “Collegue of mine just rented a 2BR+den for 11K in Yaletown this month. And a 6 BR House for 23K. Both for the month for company executives and staff. It seems like alot of the people out their trying to rent were very amateurish.”
And an underwhelming data point -
registered at RE Talks 13 jan 2010 1:24 pm – “A quick search on Expedia results in plenty of available flight seats for the Olympic period from LA, Toronto, London & New York at surprisingly low prices.”
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UPDATE 15 Jan 2009 Posts at vancouvercondo.info
Olympigs 14 Jan 2010 10:49 am – “A unit at 555 Jervis advertised in Craiglist for the past year has been asking from $3,500 to $5,000 and now $3,000. It was previously rented for a paltry $2,000 p.m.”
I have trouble buying the first one. 70K for 35 days? Even if it is really nice I would expect it to rent normally for 5K a month. Those renters could probably have had it for a whole year for 60K.
The second one is a lot more reasonable, still expensive, but at least I could see a company or person paying that.