What Will Your Rent Buy?

(September 24, 2014)




Currently renting and considering buying?

The rental market in Vancouver is tight and expensive.  The average one bedroom suite starts at around $1200 a month and two bedrooms generally go for about $2,000 a month.  All that money is going into your landlord's equity pocket.

There is also a lot of competition amongst the tenants to get a roof over their head with line ups sometimes going down the block.  The landlords get the benefit of choosing the best tenants they can find and as a renter, you may not find a place that suits your lifestyle.

Right now the ultra low interest rates have made buying in our city more affordable.   This may be the time to make a change.  Take a look at table below and see what your rent will buy.