“I rent at Park West in Yaletown and was just at the holiday party, met several of the people in this building. I was surprised by how many of them are renting. I was under the impression that yaletown is filled with speculators, but it seems that many of the people who live here are renting.”
– yvrness at VCI 12 Dec 2012 9:15pm
“Meaning of course that most of the condos are owned by speculators and are being rented out while their fortune grows.”
– Eddie, ibid.
“I would say about 50% of downtown condos are rented. That actually confirms the amount of speculation – just not by the people living in them. The owners live in their parent’s Surrey basement suites in order to afford the negative cash flow.”
– Anonymous, ibid.