Purchasing a home in Vancouver is expensive but renting may cost far more in the long run.
Let’s compare the two:
Currently the average Downtown one bedroom apartment rents for approx. $1,565 per month.
However, landlords may increase the rent each year by the amount allowable by law:
2015 - 2.5% allowable.
2016 - 2.9% allowable.
Average over the past 10 years - 3.4% allowable. ...