2017 Rental Market Futurecast: What Investor’s Should Know

By Teresa Leung, Point B Investment Real Estate Team

“As investors, one of the first things we should look into when choosing where to purchase income properties is the economic fundamentals of an area. Does the area have a strong population growth? How is the job growth in the region? Are vacancy rates high or low?

BC Real Estate Forecast

BC currently shows a strong population growth, job growth and low vacancy rate. Here are some excerpts from the CHMC Vancouver Housing Update and Urban Analytics Futurecast presentations which we can use to determine where to purchase next.

Surrey lead BC’s population growth, adding 4000 households, while Vancouver was second with 2836 new households.

New Households in BC

BC had the highest job growth in Canada at 3.2%.

BC Employment Growth

Most of BC has rental vacancies of less than 1%

This means that for every 100 properties that are rentals, only 1 or less than 1 is available to rent. This makes it easier for us to find and choose the best tenants.”

Original source: http://www.pointbinvestment.ca/blog

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