I was born in raised in Vancouver and for as long as I can remember my mom has been nagging me to buy real estate. This is normal in asian families. As a kid, I obviously couldn’t afford it. Over time my earnings have grown along with my age but the sky rocketing prices leaves real estate perpetually out of reach.

To a housing hopeful, the news coverage is an emotional roller coaster. One day sales collapse and hope is restored, only to be followed by a surge that leave prices at dizzying new heights.

The lack of hard data was frustrating so I decided to do a little digging on my own.

This particular post explores the rental market in Vancouver. Sales numbers are exciting, but hard to compile and strongly affected by speculation. Rental prices are more stable and act as a proxy for demand of living space.

My data source is a popular online rental marketplace. The data was retrieved between November 6th 2016 and December 9th 2016. After cleaning and removal of duplicates, the dataset contains 5138 listings in the city of Vancouver.

To aid this investigation, I arbitrarily split Vancouver into neighbhourhoods. The grid lines are eyeballed to approximate the neighbourhood boundaries and labeled with names off the top of my head. Please don’t give me any grief over them. I know they are wrong

Here is my arbitrarily labelled map of Vancouver.