Average one-bedroom rent in Vancouver spikes to unthinkable levels | Urbanized (dailyhive.com)
If you’re renting a place in Vancouver and you’re relatively happy with your rental rate, hold on to that spot because the average rent in the most expensive city to rent is out of control.
Out. Of. Control.
The numbers are from the rentals.ca July report, which analyzes asking rental rates from June.
According to rentals.ca, the average rent for a one-bedroom in Vancouver is now $2,945 monthly! That’s a 4.0% increase month-over-month and an 18.1% increase year-over-year.
Two-bedrooms are even worse, where the average rent has jumped to $3,863 per month, a 5.4% increase month-over-month and a 14.2% increase year-over-year
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