Rent is nowhere near as bad as the Bay Area. For example one could find a brand new apartment in Mount Pleasant (Essentially Vancouver&#x27;s Mission) for less than $1500.<p>However recently the vacancy rate has dropped to near zero, even though new condos are constantly being built, so the problem is actually finding a place. Accordingly rents are rising substantially.<p><a href="http:&#x2F;&#x2F;www.metronews.ca&#x2F;news&#x2F;vancouver&#x2F;2015&#x2F;12&#x2F;16&#x2F;vancouver-rental-rates-spike-as-vacancy-hovers-near-zero.html" rel="nofollow">http:&#x2F;&#x2F;www.metronews.ca&#x2F;news&#x2F;vancouver&#x2F;2015&#x2F;12&#x2F;16&#x2F;vancouver-...</a>