Renting a property is a great way to save money, and a report from the Vancouver Sun suggests that the majority of the city’s residents are taking full advantage of it.
It’s become almost commonplace to hear reports about rising home prices in the Vancouver market these days. As housing becomes less and less affordable for residents, a total of 52 per cent of Vancouverites have chosen to rent a home over buying one.
“Greater Vancouver’s rental rates provide today’s resident with outstanding dollar value, as compared to ownership,” said David Goodman, co-publisher of The Goodman Report, which analyzes Vancouver’s housing market.
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