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