LeadStory

CBC News

Average monthly rent down in Metro Vancouver

CBC News · Just In
CBC News
CBC News
Just In

Average monthly rents have been falling in Metro Vancouver. A report from the rental platform Live.rent says there has been a downward trend since the spring. It says one contributing factor is an increase in housing supply.

Breakdown
  • Average monthly rents have been falling in Metro Vancouver.
  • Live.Rent reports a downward rent trend since the spring. 3s
  • Increased housing supply is cited as a contributing factor. 10s
  • Langley saw a 14% decrease in rental prices. 24s
  • Vancouver, West Vancouver, and the North Shore remain among Canada's most expensive rental markets. 30s
Property & ArchitectureEconomy