rental

Vacancy rates and rent change, 2021 update

The 2021 CMHC Rental Market Survey data finally arrived. Time to do a refresh of our vacancy rate vs rent change analysis. And take a look at where Vancouver is at.

Jens von Bergmann

6 minute read

The new CMHC Rms data is out today, and it’s been three years since we did our post on vacancy rates and rent change. That post still gets a lot of views, so maybe it’s a good time for an update. The Rms survey is carried out in October, and the results used to come out in the following month. Checking the date of our post from three years ago it was written on November 28th reporting on the Rms from October 2018.

Basement Confidential: Vancouver's Informal Housing Stock

Basement suites are the Schrödinger's cat of dwelling units, they span the space betweem formal and informal housing, viewed by some as the problem of, and by others as the solution to Vancouver's housing woes.

Jens von Bergmann Nathan Lauster

12 minute read

(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) Informal housing While housing is highly regulated via zoning bylaws, building code, and fire code, in situations of housing scarcity we often get informal housing that exists outside of - or only partially covered by - the existing regulatory framework. We often associate slums or shantytowns with the term informal housing, but it also applies to more organized settlements like Kowloon Walled City, or, in the context of subterranean Vancouver, a good portion of our secondary suite stock.

Forced Out in Canada: New Data from CHS

Taking a deeper look at forced moves using CHS microdata. And how it changed over time.

Jens von Bergmann Nathan Lauster

14 minute read

(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) TL;DR The new data release from CHS 2018 enables us to return to looking at mobility, with a special focus on forced moves. We estimate and compare the risk of forced moves for renters across Canada. We also provide some evidence for its sharp decline in BC in 2018, following protections put in place by the NDP. Finally, we compare risk of “forced move” to risk of “choice move” for renters.

Keep on moving

More on reasons to move.

Nathan Lauster Jens von Bergmann

3 minute read

(Joint with Nathan Lauster and cross-posted at HomeFreeSociology) More results from the new Canadian Housing Survey dropped earlier this week! And they provide new insights into why Canadians move. Last time we only got provincial results. Now we can break down reasons for the last move by metro area and current tenure, but this time around we looking at the last move no matter when it happend, as opposed to only considering moves in the past five years as in the previous data release.

2019 CMHC Rental Market Survey

Checking in with the new Rms data.

Jens von Bergmann

3 minute read

Finally the new 2019 CMHC Rms data is out. As expected, the high-level numbers are pretty bleak. For Metro Vancouver the vacancy rate inched up a tiny bit from 1.0% in October 2018 to 1.1% in October 2019. In the City of Vancouver the vacancy rate similarly crept from 0.8% in October 2018 to 1.0% in October 2019. With the slight uptick in vacancy rate, both areas saw somewhat lower rents increases, with the (nominal) fixed-sample rent increase in the year before October 2019 clocking in at 4.