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Karl H Lawson | News, Sports, Jobs - Observer Today

Vancouver housing: Rents remain highest in Canada

Vancouver once again has the dubious distinction of being the most expensive city in Canada for renters, along with having the highest year-over-year rate price increase, a new report says.

Renting in Metro Vancouver predicted to get even more costly in 2022

Renting a place in Vancouver is expected to get more expensive in 2022, and a report says that many people are moving to Alberta.

Here s what to expect from Vancouver s rental market in 2021

He also foresees several of the trends driven by the COVID-19 pandemic continuing. For starters, Lawson believes renters will continue to seek housing opportunities in suburban locations where they’re finding more value in terms of living space. This trend is driven primarily by the increase in the number of people working from home. Living and working in the same space has obviously proven challenging for many, and if the majority of employees continue to work remotely, demand should remain strong for suburban rentals that offer larger living spaces. In terms of trends with staying power, Lawson predicts landlords and tenants alike will continue to make use of virtual and online showings. “We saw this trend emerge before the pandemic, but it grew increasingly popular throughout the year,” he said.

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