From September 2024, Vancouver, BC remains Canada's priciest rental market, with average rent down $8; third consecutive monthly decline attributed to Bank of Canada's interest rate cuts.

As of September 2024, Vancouver, BC, remains Canada's most expensive rental market, with the average one-bedroom, unfurnished unit costing $2,370, down $8 from August. This marks the third consecutive month of price declines, attributed to the Bank of Canada's interest rate cuts. West Vancouver leads as the priciest area at $2,765, while Surrey offers the lowest average rent at $1,958. The overall trend indicates a potential easing in rental prices across the region.

September 10, 2024
17 Articles