An “RV Pad” in a residential area of Vancouver is advertised for rent at $850 per month.
The listing on Craigslist shows water, electric, and sewer hookups and a space in a driveway behind a house.
An ad on Craigslist offers potential renters an “RV pad” for $850/month. (Image credit: screenshot from Craigslist on October 17, 2022)
“Want to save money and live cheaply?” it takes.
Although utilities appear to be included, space is limited and will only work for an RV under 24 feet long.
CTV News Vancouver asked the person who ran the ad for an interview about the listing, but the poster refused.
MORE PEOPLE LIVING IN VEHICLES
CTV News Vancouver reported that dozens of people in RVs, vans and cars live out of their vehicles in a parking lot near one of the city’s beaches. People interviewed at Spanish banks earlier this month all cited sky-high rents and limited housing options as their main reasons for moving.
However, the Vancouver Park Board said he risked tickets and being towed at his own expense if he continued to park overnight. Towing charges start at around $95 for a full-size car and $165 for a large truck or trailer. Additional charges are added depending on the distance traveled and the time the vehicle is impounded.
CURRENT RENTAL RATES
According rentals.ca, the average price of a bedroom in Vancouver rose to $2,590 in September, an increase of 20.2% over the same period last year.
One thing impacting rental prices in Vancouver and beyond is an interest rate hike introduced in an attempt to curb inflation, according to the report.
“Interest rate increases hurt property affordability and keep potential buyers in the rental market,” it read.
“Second, a softening property market, with expectations of further declines, is keeping potential buyers on the sidelines, waiting for the market to bottom out.”
Another rental site, book.rent, also reported that renters spend more than half of their monthly income on housing, paying “a shocking 51.37%” for housing. For housing to be considered affordable, the recommended income-to-rent ratio does not exceed 30%.
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