North Vancouver · North Vancouver
2 Bedroom Apartment for Rent in North Vancouver
$2,795 / month
A two-bedroom in North Vancouver, asking $2,795 a month. The listing mentions 1.5 bathrooms.
That is $213 below the middle of the 224 comparable rentals we are tracking in North Vancouver, where most ask between $2,600 and $3,712.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Roughly where it is
Approximate, listings rarely give an exact address, so treat this as the block, not the door.
Renting in North Vancouver
The North Shore is the greenest place to rent in the region. The mountains start where the neighbourhoods end, and almost every north-facing window looks at trees.
How this compares
What we’d expect it to ask
$3,092 / month
8 times in ten the answer lands between $2,386 and $3,953. That is the width of what we actually know, measured against listings this model had never seen, not a margin we chose.
Asking $2,795 is $297 below that, further below than the ±10% we can put down to our own error. On size and location alone, it asks less than its neighbours do.
Asks less than we’d expect
Nearby two-bedrooms disagree with each other by about 55% from quartile to quartile, so the estimate is only as sharp as they are.
What moves that number
The advertisement does not state a floor area, so size is not priced in.
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
No SkyTrain station within walking distance, about 27 min to Waterfront.
How the score breaks down
Scored from the map pin alone, rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$2,795 is $213 below the middle of the 224 two-bedrooms we are tracking in North Vancouver right now ($3,008). Most of them ask between $2,600 and $3,712.
A straight count of asking prices in the area, with nothing adjusted for, unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Laundry, parking, air conditioning, the bathroom count and whether the home sits below ground are priced in wherever the advertisement states them. The floor, the view, the light, the condition and the noise are not, and nothing we hold measures them: two identical floor plans, one renovated and one not, get the same estimate from us. This one gives no floor area either, so size is not in it at all.
Where an advertisement says nothing, we price it as unsaid rather than as absent. A short ad is not a worse home, and scoring it as one would price the landlord’s writing instead of the flat.
The advertisement doesn’t say, and it matters:
- What floor is it on?
- Which way does it face?
- Is parking included or extra?
- Are pets allowed?
- When is it available?
Estimated from the listings on this site, not a market survey, and from asking rents, what a home is advertised at, not what it lets for.
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Worth reading before you view it
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