High-end rentals are the latest trend
Vancouver, along with other major Canadian cities, is witnessing an entirely new trend in real estate - the development of condo-quality rental buildings, featuring units that typically fetch higher rents.
"A new trend in the multifamily asset class is burgeoning condominium-quality, purposebuilt apartment rentals," reports Colliers International in its justreleased report on the multifamily real estate market. "These rentals consist of highend finishes, four-plus appliance kitchens, in suite laundry, and ample building amenities."
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