Condominiums are being rented for from40percent to 50percent more than regular rental apartments, according to Canada Mortgage and Housing Corp from a recent report. Condominium rentals normally provide more amenties and features than purpose-built rentals. The rental apartment vacancy rate in urban BC increased to 2.8percent October 2009 compared to 1percent in October 2008. The higher vancancy rate is a combination of factors, including investor owned condo's being added to the rental market. A good reason to look at the option of purchasing a condo in Tsawwassen or Ladner especially with lower interest rates being available. in Delta the vacancy rate is up 3.8percent as compared to vancouver which is 2.1percent and Richmond 2.7percent.
If you are interested in purchasing a condominium in Tsawwassen Ladner or North Delta, feel free to contact me - Trisha Murphy anytime.