Over the past 10 years, I’ve spent a lot of time looking for apartments in both Vancouver and in Tokyo. It’s been an interesting chance to compare two very different cities.
Vancouver has a remarkably low vacancy rate, so right off the bat renters are competing for a very small pool of available homes. Apartment hunters are also usually stuck with Craigslist. Craigslist is far and away the best place for browsing apartments in Vancouver, but not because it’s a well-designed site. It’s a perfect example of network effects: it offers a poor user experience, but landlords can’t afford to ignore the large pool of renters using Craigslist and vice versa.
Things are very different in Tokyo. It seems difficult to get comparable rental vacancy data (see the numbers and caveats here), but the sheer number of rental listings available online makes me suspect that the vacancy rate is much higher than in Metro Vancouver. The tools are better too: apartments tend to be listed by brokers on a few big websites, and the experience for renters on those websites is much better than on Craigslist.
Since most North Americans don’t know what they’re missing, I’ll give a quick overview of what it’s like to look for an apartment in Japan.