{"id":21137,"date":"2022-07-06T18:17:48","date_gmt":"2022-07-06T22:17:48","guid":{"rendered":"https:\/\/housesigma.com\/blog-en\/?p=21137"},"modified":"2022-07-07T15:57:09","modified_gmt":"2022-07-07T19:57:09","slug":"rental-prices-are-going-up","status":"publish","type":"post","link":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/","title":{"rendered":"In Vancouver\u2019s market cooldown, rental prices are going up"},"content":{"rendered":"\n

Metro Vancouver property prices keep going down. Since February, Vancouver home buyers are paying up to 13.5 percent less<\/a> for their properties, on average.<\/p>\n\n\n\n

But it seems home buyers are opting out of actually buying \u2013 and opting in to rent.<\/p>\n\n\n\n

Home buyers are waiting for more drops in Vancouver real estate market<\/h1>\n\n\n\n

HouseSigma\u2019s AI-powered platform tracks Metro Vancouver\u2019s real estate market.<\/p>\n\n\n\n

\u201cEven with the market cool down, Vancouver is still one of the least affordable places in the world,\u201d  says Hao Li<\/a>, a broker with HouseSigma. \u201cIn addition, home buyers now want to wait and see if the prices drop even more, so they are renting instead.\u201d<\/p>\n\n\n\n

While Vancouver’s listed-to-sold properties ratio dropped by <\/strong>52 percent year over year<\/strong><\/a>, rental demands are increasing. In fact, Vancouver now has the lowest rental vacancy rate<\/a> across all of Canada\u2019s major cities – going down by 53 percent between 2021 and  2022.<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

In Vancouver\u2019s market cooldown, rental prices are going up<\/h1>\n\n\n\n

Less availability means higher prices. HouseSigma<\/a> reports that while Vancouver’s median property prices are down as much as 28.3 percent<\/a> since February, MLS data compiled by HouseSigma<\/strong> shows Vancouver rental prices increased, from $2500 in June 2021 to $3400 in June 2022.<\/strong><\/a> <\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

“The rental market in Metro Vancouver has always been competitive. But we’re seeing a trend now where buyers who can afford to buy are choosing not to buy. Instead, they are biding their time to see if prices go down further,” explains Li. “These buyers have to live somewhere, adding pressure to the rental market.”<\/p>\n\n\n\n

\n\n\n\n

Looking for real-time data on Vancouver\u2019s real estate market? Sign up for a HouseSigma account<\/a>.<\/p>\n\n\n\n

Get free, instant access to all the real estate data our AI compiles. Create a watchlist, track properties, and see how homes are moving in the neighbourhoods that interest you.<\/p>\n\n\n\n

\n
\n
\"Get<\/a><\/figure>\n<\/div>\n\n\n\n
\n
\"Available<\/a><\/figure>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

While Vancouver’s median property prices are down as much as 28.3 percent since February, MLS data compiled by HouseSigma shows Vancouver rental prices increased<\/p>\n","protected":false},"author":7,"featured_media":21146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-centered.php","format":"standard","meta":{"cybocfi_hide_featured_image":""},"categories":[46,1],"tags":[42,43,34,48,39,44,38,55,40],"yoast_head":"\nIn Vancouver\u2019s market cooldown, rental prices are going up - HouseSigma<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In Vancouver\u2019s market cooldown, rental prices are going up - HouseSigma\" \/>\n<meta property=\"og:description\" content=\"While Vancouver's median property prices are down as much as 28.3 percent since February, MLS data compiled by HouseSigma shows Vancouver rental prices increased\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/\" \/>\n<meta property=\"og:site_name\" content=\"HouseSigma\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/housesigma\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-06T22:17:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-07T19:57:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/07\/Rental-data.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"2012\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"HouseSigma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@HouseSigmaAI\" \/>\n<meta name=\"twitter:site\" content=\"@HouseSigmaAI\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"In Vancouver\u2019s market cooldown, rental prices are going up - HouseSigma","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/","og_locale":"en_US","og_type":"article","og_title":"In Vancouver\u2019s market cooldown, rental prices are going up - HouseSigma","og_description":"While Vancouver's median property prices are down as much as 28.3 percent since February, MLS data compiled by HouseSigma shows Vancouver rental prices increased","og_url":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/","og_site_name":"HouseSigma","article_publisher":"https:\/\/www.facebook.com\/housesigma\/","article_published_time":"2022-07-06T22:17:48+00:00","article_modified_time":"2022-07-07T19:57:09+00:00","og_image":[{"width":1440,"height":2012,"url":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2022\/07\/Rental-data.png","type":"image\/png"}],"author":"HouseSigma","twitter_card":"summary_large_image","twitter_creator":"@HouseSigmaAI","twitter_site":"@HouseSigmaAI","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/#article","isPartOf":{"@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/"},"author":{"name":"HouseSigma","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/41c493f34b8da86f471181c70fd92736"},"headline":"In Vancouver\u2019s market cooldown, rental prices are going up","datePublished":"2022-07-06T22:17:48+00:00","dateModified":"2022-07-07T19:57:09+00:00","mainEntityOfPage":{"@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/"},"wordCount":308,"publisher":{"@id":"https:\/\/housesigma.com\/blog-en\/#organization"},"keywords":["Detached Home","Greater Vancouver Real Estate","Housing","Housing Affordability","Median Price","Metro Vancouver Real Estate","Real Estate Blog","Rental","Vancouver"],"articleSection":["BC","Real Estate"],"inLanguage":"en-CA"},{"@type":"WebPage","@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/","url":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/","name":"In Vancouver\u2019s market cooldown, rental prices are going up - HouseSigma","isPartOf":{"@id":"https:\/\/housesigma.com\/blog-en\/#website"},"datePublished":"2022-07-06T22:17:48+00:00","dateModified":"2022-07-07T19:57:09+00:00","breadcrumb":{"@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesigma.com\/blog-en\/rental-prices-are-going-up\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesigma.com\/blog-en\/"},{"@type":"ListItem","position":2,"name":"In Vancouver\u2019s market cooldown, rental prices are going up"}]},{"@type":"WebSite","@id":"https:\/\/housesigma.com\/blog-en\/#website","url":"https:\/\/housesigma.com\/blog-en\/","name":"HouseSigma","description":"","publisher":{"@id":"https:\/\/housesigma.com\/blog-en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesigma.com\/blog-en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-CA"},{"@type":"Organization","@id":"https:\/\/housesigma.com\/blog-en\/#organization","name":"HouseSigma Inc","url":"https:\/\/housesigma.com\/blog-en\/","logo":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/logo\/image\/","url":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2017\/09\/logo_green_en_384.png","contentUrl":"https:\/\/housesigma.com\/blog-en\/wp-content\/uploads\/2017\/09\/logo_green_en_384.png","width":384,"height":128,"caption":"HouseSigma Inc"},"image":{"@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/housesigma\/","https:\/\/twitter.com\/HouseSigmaAI"]},{"@type":"Person","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/41c493f34b8da86f471181c70fd92736","name":"HouseSigma","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/housesigma.com\/blog-en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7f4fdfc1d4105968183cc2bd3d47ffef?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7f4fdfc1d4105968183cc2bd3d47ffef?s=96&d=mm&r=g","caption":"HouseSigma"},"sameAs":["http:\/\/housesigma.com"],"url":"https:\/\/housesigma.com\/blog-en\/author\/housesigma\/"}]}},"_links":{"self":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/21137"}],"collection":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/comments?post=21137"}],"version-history":[{"count":4,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/21137\/revisions"}],"predecessor-version":[{"id":21151,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/posts\/21137\/revisions\/21151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/media\/21146"}],"wp:attachment":[{"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/media?parent=21137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/categories?post=21137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesigma.com\/blog-en\/wp-json\/wp\/v2\/tags?post=21137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}