Vancouver furnished rentals COVID 19

Vancouver furnished rentals and COVID. A relatively unspoken topic, furnished rentals have actually seen a drastic decline in viability during the Phase 1 and Phase 2 timeframe of the government response. This is due to an overwhelming decline in corporate relocations, film set shutdowns, declines in insurance claims, and cancelation of travel plans. The demographic that primarily rents furnished properties has been absolutely the most impacted by the onset of COVID-19. As such, landlords who were planning on renting their properties furnished during the spring and summer season have seen a noticeable decline in rents and an increase in vacancies.

As phase 3 has been opened, we have seen a gradual uptick in the furnished demand, which I am happy to see is resurgent albeit to a much more reserved manner thus far. We shall stay focused on continuing to monitor the furnished rental market. Do not expect to see a significant recovery anytime soon.

If you have any additional questions, feel free to call/text Baxter at 604.209.0081 or email him at baxter@vancouverluxuryrealty.com

Vancouver furnished rentals and COVID. We will keep updating this topic in future blog posts. We expect this pandemic to continue for sometime and this may be with us well into 2021. Be sure to keep posted on our website blog post page for the latest content and check out our instagram. We look forward to helping our clients through this difficult time.

Our website, filerwelch.com, is very active with plenty of new content being added in the last month. We will continue to keep it as update to date as possible, and are planning more add ons.

Keep calm and carry on.

Be sure to check out our list with us rental page https://www.filerwelch.com/rent_with_us

Our instagram shares the latest happenings with the Filer Welch Group: https://www.instagram.com/p/CG8esfgBI9Q/?utm_source=ig_web_copy_link