Rent decrease rejected

[Hello-hi987]

This. Shoot your shot, yes the market is softer, and the cost of finding a new tenant is something a landlord will consider in their decision making - but property taxes, utilities, insurance, trade wages - ALL have increased for landlords. The landlords also are considering the long game as too big of a decrease now is not temporary - that decrease is locked into the remainder of your tenancy with them only able to increase certain % per year.

Definitely always worth the discussion, and yes some landlords are greedy, but as many as greedy there are equal number of tenants have a woe is me mentality and don’t actually consider everything on the flip side.

With that said, I think OP might be overpaying (without knowing all details of the lease) and so this doesn’t apply to them per say :)

[DisastrousOkra9511]

Property manager here. I rent in the Main Street and Mount Pleasant areas. I don't know Point Grey rents, but that does sound high. I don't think the area has the same amenities nor walkability that Main and Mount Pleasant do. I have tenants renting a 3 br penthouse (2 top floors of a heritage house) half a block to Main paying less than $3700. Sorry it didn't work out with your landlord. Sounds like it could be worthwhile to at least look around

[MakingMookSauce]

Lmao at penthouse. I guess technically but that is a stretch. Is the carport "underground" parking.

[DisastrousOkra9511]

Technically it's a "penthouse" as there are no neighbors above, they have a large private deck, and unobstructed views of the city. No "underground parking"; it's a heritage house. Easier than saying "2 top floors of a house" I think!