Rental

Rents and incomes

In Vancouver (both City or Metro), median rents have tracked median incomes quite well. (Although some misleading information that is making the rounds suggests otherwise.)

Jens von Bergmann

6 minute read

Following up on our previous post on rents and vacancy rates there is another rental stat originating from City of Vancouver documents that is making the rounds and that is misleading. Again, our housing crisis is fundamentally a rental crisis, so it’s important to keep the numbers straight so that we can better focus our energy and resources. This one is a bit more serious, but still has been making the rounds quite broadly on social media.

Rents and vacancy rates

Adding some context to vacancy rates by rent segment.

Jens von Bergmann

5 minute read

This post responds to a misconception about rental housing that has been making the rounds. Our housing crisis is fundamentally a rental crisis, so it’s important to keep the numbers straight so that we can better focus our energy and resources. The misconception originate from the 2019 Vancouver Housing Data Book. The data book is a huge effort to compile and has a host of valuable information. Vancouver has been doing this for the second year now, and it is successively getting better.

MIRHPP tradeoffs

How does MIRHPP work, and what are the tradeoffs?

Jens von Bergmann

10 minute read

The City of Vancouver has introduced the Moderate Income Rental Housing Pilot Project, with density bonusing in exchange for 20% of the units renting at about 35% below market. TL;DR MIRHPP is a win-win, it manages to create both, new units that rent significantly below market, as well as market rentals. Both of which are badly needed, paid for with additional density. The allocation mechanism for deciding who gets to rent one of the sub-market units is problematic.

Shaughnessy Townhomes

Some thoughts on council's vote to kill the Shaughnessy townhomes.

Jens von Bergmann

8 minute read

City of Vancouver council rejected the development application for 21 purpose-built rental townhouses in Vancouver’s exclusive enclave of Shaughnessy last week, and the owner is now proceeding with building a mansion on that lot instead. Councillors gave a variety of reasons for the rejection. Some were voicing concerns of about the compatibility of hospice use with the 3 ½ storey townhouse development next door, which seems far fetched as a quick look at St John’s hospice at UBC (the low building on the right in the picture here) shows.

Airbnb updates

Checking in on the state of Airbnb in Vancouver.

Jens von Bergmann

12 minute read

About half a year ago I did a post on Airbnb data back when enforcement of the Short Term Rental (STR) regulation came into full effect starting September 2018 and have not really writing things up since then. Probably time for an update post. What has happened since, and what have we learned? Overview Let’s take a look how listings evolved. After the initial purge of listings before the start of enforcement, not much changed.