VIDEO: New home rush puts crunch on UBC student rentals

08/31/2013 01:02 EDT | Updated 10/30/2013 05:12 EDT
The University of British Columbia has added hundreds of residence spots this year, but the new living spaces aren't doing much to offset the losses in nearby off-campus rentals on Vancouver's west side.

Suites, rooms, and houses for rent are getting harder to come by in the closest off-campus neighbourhoods, such as Dunbar and Point Grey, as older homes sitting on million-dollar plots are being torn down when the properties are sold.

The owners of the new homes don't seem to be as interested in renting to students, the CBC's Theresa Lalonde reports.