(Cross-posted at HomeFreeSociology) Condominium apartments are fascinating! At their heart lies a relatively recent legal innovation enabling individual ownership of units in multi-unit developments. Since their arrival, condominium apartments have become places to build homes, sources of rental income, sites of speculative real estate investment, and experiments in private democratic government. They’re also in the middle of many on-going debates about housing and the future of cities in Canada and around the world.
Aaron Licker asked a good question about this very interesting dataset. twitter-verse where is the data that forms this amazing table from @CMHC_ca: cc @vb_jens @LausterNa @rwittstock pic.twitter.com/iRD65KQdz3 — Aaron Licker (@LGeospatial) November 28, 2018 Unfortunately it is not obvious where to get the raw data, but Keith Stewart at the Vancouver CMHC office was kind enough the share the dataset. So read on to follow my quick look at the data, or just download it if you want to tinker yourself.
Today the new CMHC Rental Market Survey data came out, which is a good opportunity to refine my musings on the rental vacancy rate and rent increases. I view this as the renter version of the relationship between months of inventory and changes in resale prices in the for sale market. CMHC surveys purpose-built (market) rental apartments every October and reports on a variety of metrics, including statistics about the total stock, median and average rents, vacancy rates, and fixed-sample average rent change among others.
We are getting close the end of the STR grace period ending August 31st, so it’s time to take a look at compliance of the STR operators. For today we will just look at Airbnb, which is the largest STR listings platform. Other larger listings platforms are VRBO or Craiglist. How did we get here? The concern over short term rentals is a fairly new phenomenon. As recently as 2013 a local columnist praised the benefits of Airbnb in generating higher incomes and side-stepping the resiential tenancy act.
A friend of mine is looking for a new rental, which reminded me that I always wanted to do a quick map of rents near skytrain stations. Should not be too hard.