Pasco's Blog

Tight rental market set to tighten even more!

October 14, 2016

The rental market has become severely undersupplied in Vancouver and its likely to worsen following the latest round of mortgage insurance rule changes to take effect Oct 17/16!

Notably higher qualification standards for first-time buyers and reduced credit availability for investors should put even more pressure on the rental market, even as more units are being built.

Coupled with the new foreign buyers tax and a proposed 'empty-homes' tax in Vancouver, likely to push away investors, and you could see the perfect storm in coming months.

Not a good time to be a tenant in this city...

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