Metro Vancouver renters could take the hit as condo investments become less viable

As Metro Vancouver rents continue to skyrocket, some housing analysts say factors affecting a key component of the rental market are likely to make matters worse. 

Data from the Canadian Mortgage and Housing Corporation shows condos owned and rented out by private investors make up about 40 per cent of all market-rate apartment rentals in Metro Vancouver. 

But the combination of increased interest rates, real estate prices and maintenance costs is making condos a less appealing prospect for people looking for a good return on investment, according to some experts.

“For sure, people are less interested in buying condos to rent out than they would have been