In August 2024, Metro Vancouver's average rent for a one-bedroom apartment reached $2,378, with West Vancouver being the most expensive area.
Rent prices in Metro Vancouver, Canada's most expensive rental market, reached an average of $2,378 for a newly listed, unfurnished, one-bedroom apartment in August 2024, according to a report by liv.rent. West Vancouver remains the most expensive area for rent, with one-bedroom unfurnished units averaging $2,748. The Bank of Canada's announcement to lower the target overnight rate in July 2024 has led many to believe that rent and home prices may decrease through the remainder of the year.
August 13, 2024
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