VIDEO: New home rush puts crunch on UBC student rentals
Demographic shift on Vancouver's west side means income-helping rental suites are harder to find
The University of British Columbia has added hundreds of residence spots this year, but the new living spaces aren't doing much to offset the losses in nearby off-campus rentals on Vancouver's west side.
Suites, rooms, and houses for rent are getting harder to come by in the closest off-campus neighbourhoods, such as Dunbar and Point Grey, as older homes sitting on million-dollar plots are being torn down when the properties are sold.
The owners of the new homes don't seem to be as interested in renting to students, the CBC's Theresa Lalonde reports.
Subscribe with RSS Reader
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.