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Demand High For Vancouver Rentals
Written by Administrator   
Thursday, 21 September 2006
Demand still high for Vancouver rentals
Many renters have high-income jobs, but lack the $100,000 deposit to buy a condo
Michael Kane

Sun

Tuesday, September, 05, 2006


Demand for greater Vancouver rental apartment buildings remains strong, despite rising prices and a steady supply of investor-owned condominiums for rent.In the past two weeks, two multi-suite buildings -- one in Coquitlam and one on Vancouver's West Side -- each sold within 24 hours of being listed."There are chronic shortages of rental housing product in all jurisdictions of Greater Vancouver, while demand [from landlords] remains insatiable," David Goodman, a commercial realtor with Macdonald Commercial Real Estate Services, said Thursday. "As soon as we list something, within 15 minutes the phones start ringing."As tenants move into new condo towers, either as first-time buyers or renters, he said a new breed of investors is buying up older rental buildings to give them major upgrades and charge higher rents for the next tenants."If you profile the renter today in Vancouver, many have well-paying jobs and security of employment, but they don't have the $100,000 down for the new condo," Goodman said in an interview. "They can pay these higher rents and they want to pay these higher rents because they are getting a better unit. 
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Newsflash 1
Written by Administrator   
Monday, 09 August 2004
The Westend Real Estate .net , is your source for the West End of Vancouver lofts, condos, highrises, and luxury homes.  Davie st, Denmand st, Beaches Stanley Park and more.
Last Updated ( Thursday, 21 September 2006 )
 
Newsflash 2
Written by Administrator   
Monday, 09 August 2004
The West End Real Estate .net , information on waterfront houses, loft conversions, penthouses, real estate agents and more.
Last Updated ( Thursday, 21 September 2006 )
 
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The West End of Vancouver , BC Canada, is the part of the downtown core East of Burrard Street, and South of West Georgia, pinned between stanley park and the Burrard Inlet. Some key destinations in the West End are Stanley Park, English Bay, and the Sea Wall. Popular destinations include the Davie Village, and shopping on Robson Street. There are beautiful waterfront condos, townhomes, and heritage houses. Vancouver real estate is among some of the best in the world, and the West End provides a great quality of life, with everything you could ever want to do. West end buyer's agent can help you with purchasing a new home. A West End listing agent can help you price, market and negotiate your current home which you wish to sell. Find your perfect real estate agent, property listings, and waterfront real estate, here at West End Real Estate.net.