How to navigate a 'unreal' rental market, and find an affordable place to live

Toronto real estate platform HouseSigma.com tracks rentals that are listed through verified sources such as the Multiple Listings Service. Their data show a 32 per cent increase in the median rental price of all home types in Metro Vancouver from January to August this year. The median rent for all condos listed in the Vancouver region is now $3,135. In the

Tina Lee just returned from the U.S., where she was living with family for the last two years. The single professional has a seven-year-old daughter and is looking for a two-bedroom on the west side of Vancouver. Unfortunately, she’s finding that the rents have gone from $2,700 to around $3,500 or $4,500.

Pay attention to every step in the process, he advises. Professional property management firms often have online forms that vet applications. Be sure to fill them out thoroughly, because that first point of contact matters, says Mackenzie. If you make it beyond that first hurdle and someone calls to schedule an appointment, be sure to pounce on it, he advises. It’s like a job interview.

Michael Carney, director of business development at HouseSigma, used to be a property manager in the GTA, and he’s seen people pay extra.

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