This is a garbage article when compared with the headline. The “experts” is two property managers who don’t even agree on what’s happening or why. The 20% figure comes from a quote that sounds like an off-the-too-of-my-head assessment from one of them:

”What we’re seeing is that rental rates have decreased up to 20 per cent from the spring of 2017, and it’s getting even worse.”

They also say they’ve never seen anything like this in their TEN whole years of property management!!

Rents might be dropping by this much, or even more, but this is hardly even evidence of that, let alone data from “experts”.

Better title: “One property manager estimates that some luxury property rents in Vancouver have declined by up to 20% over the past year.”