Some are fond of perpetuating the narrative that the city will be hollowed out with empty homes and locals fleeing the city. Yet a recent report to city hall reports that detached homes are not as vacant as "popularly" believed:
"The vacancy rate in Vancouver for single-family homes, duplexes and row houses is only about one per cent, and that rate has been static since 2002, according to the report. Meanwhile, the combined vacancy rate for condominiums and purpose-built rental apartments is 7.2 per cent. That number is in line with the findings of a 2013 study by the Urban Futures Institute, which put unoccupied apartments in Vancouver at 6.2 per cent on 2011 Census day."
Read more: http://www.vancouversun.com/business/affordability/more+than...