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.