|
If you're trying to enter the rental market today, I believe the standard now is a fixed-term lease which is good for the landlord and shitty for the tenant.
I don't think rents are going to come down unless significant amounts of people start leaving. If you look at what's happening in places like Burnaby and Coquitlam, significant numbers of older low-rise buildings are being torn down. AirBnB is having an impact in certain areas like downtown Vancouver. And when new housing does come online, it is likely rented at market rates.
|