No one’s moving these days.
With housing prices through the roof in Vancouver and the Lower Mainland, most renters have opted to stay put as opposed to pay the astronomical rent prices around the city that go hand in hand with the bubble.
Five years ago, you could get a decent two-bedroom apartment close to the city for $1000/month. Now you’d be lucky to get one for less than $1800. That’s almost double what people are accustomed to.
Salaries have not increased significantly in that time. But the price of everything from gas to groceries has seen double digit growth.
For those who do not own homes in Vancouver, the best option is to cocoon until all the post-Olympic mania fades away and prices stabilize.
If you’re going to be in the same place for a while might as well get a good bed.
This week, Simmons Mattress Gallery is selling Simmons mattresses for as low as $149. Beautyrest Queens are going for $798. That’s a full $2000 less than the usual asking price.
For renters who are waiting out the storm until buying (or moving to a new place) what better place to wait than a comfortable queen sized. You may not be able to live like a millionaire, but you can certainly sleep like one.