The rental crisis in Vancouver is even worse than many feared, according to a Vancouver MLA.
The Canada Mortgage and Housing Corporation’s 2014 market rental report, released Tuesday, says parts of Vancouver – specifically the West End and Downtown – have vacancy rates as low as 0.3 per cent, while the city as a whole has a rental vacancy rate of just 0.5 per cent.
In comparison, the vacancy rate for the West End/Downtown in 2013 was 0.9 per cent, and the citywide rate was 1 per cent.
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