skip to Main Content

Vancouver apartment rent growth flat over past year: PadMapper

By Emma Crawford Hampel for Business in Vancouver

The cost to rent both one- and two-bedroom apartments remained flat in Vancouver year-over-year in August, according to new PadMapper data, which includes median rents for all homes that are currently available to rent or vacant and does not include those homes that are already rented out.

The average rent for a one-bedroom apartment was $2,000, which was unchanged compared with July and only 0.5% higher than it was a year ago. Two-bedroom rents, on average, didn’t change at all month-over-month or year-over-year and remain at $3,200.

Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis

Sign up for insider real estate news & tips from our podcasting team.

Are you a realtor? Click here
Selling Your Home? Click here

  • Reload
  • Should be Empty:

Vancouver had long been the most expensive city in which to rent both one- and two-bedroom apartments, with Toronto coming in second place. This changed in April, when Toronto took top spot for one-bedroom rents, but Vancouver staged a slight comeback a few months later. Toronto is now solidly in first place for this home type, however; the average rent for one-bedroom suites was $2,140 in April – 7% higher than in Vancouver.

Continue reading the full story here >>

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

As Seen and Heard On

Media enquiries and press contact info:

© 2020 Matt Scalena PREC* & Adam Scalena PREC* , all rights reserved • Site MapBy Line49 Web Design, Vancouver BC

*Considering a real estate transaction? One of the first decisions you will need to make is whether you should work with a licensed real estate professional who will represent you. Take a moment to read this important consumer protection information from the Real Estate Council of BC. This form explains the special legal duties that real estate professionals owe to their clients. CLICK HERE and please call 778-847-2854 or 778-866-4574 immediately if you would like to discuss.

Back To Top