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Average rentsvancouversun
•Business
Business & Economics
70% Informative
Average rents are down about $300 since last year in the Vancouver and Toronto regions.
Several thousand purpose-built rental units are set to come onto the market this year in Vancouver and many more have been approved for construction.
Some analysts say emphasis on rental units may be leading to fewer affordable homes being built for would-be owners.
In total, Vancouver city council approved 5,587 new rental apartments in 2024 .
Developers and speculators have proposed more than 120 new rental towers within Vancouver ’s 500 -block Broadway plan.
Experts are skeptical about some promised rental towers, given population growth is flattening and rents are softening.
VR Score
76
Informative language
76
Neutral language
36
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
12
Source diversity
9