A quick look into the rental market in Vancouver, and its scary. A small place, about 700-800 square feet will run you $100-1200 a month easily. A nicer place, 2 bedroom, could be around $1600-1800.

Right now it is a buyers market here in Vancouver. With low mortgage rates, and housing prices today, a mortgage won’t run you much more than renting. The mortgage on a 1 bedroom place about 600-700 square feet costing about $200,000-250,000 will be about $1200-1400 a month. Not bad considering you are building up your own equity and not filling someone elses pocket!