3PM Pricing Matrix
Jimmy Ng method: Comps → Base Rent → Feature Adjustments → Market Response Rules
1) Subject Property Inputs
Premium / discount features (unit & building)
For each feature, tick if present and use the box to add a manual tweak (e.g. +30 or -50) on top of the default matrix.
2) Comparable Rentals (3–10 rows)
| Comp | Rent ($) | Sqft | $ / sqft (auto) | Notes | Use in Base? |
|---|
You can override Base $/sqft manually for judgement calls.
3) Feature Adjustments (Soft-Market Defaults)
Comps set the floor. Features control how far above the floor we can go. Market condition caps premiums.
Percent premiums
Market governor reduces these in soft / declining markets to avoid chasing above what tenants will actually pay.
Fixed add-ons (Jimmy matrix + manual tweaks)
Each line uses a default formula to hit typical CAD ranges, plus your manual box from section 1, scaled by market strength.
Market response rule (for listing)
Review inquiry and showing activity every 7–10 days. If the unit sits with low activity, reduce in small steps ($100–$150) rather than waiting for a large cut later, and re-check new competing listings each time.
Disclaimer: This tool provides a structured pricing estimate using comparable listings and feature adjustments. It is not legal advice. Market conditions change quickly; confirm current data and comply with BC Residential Tenancy rules as applicable.