Monthly Rental Market Report – May 2024

The Vancouver rental market in May 2024 showed continued demand for rental properties, with rising prices in key neighborhoods. Average rents for one-bedroom apartments increased slightly, while two-bedroom units remained stable. Factors such as seasonal demand, population growth, and low vacancy rates contributed to the competitive market. This report provides insights into rental trends, neighborhood comparisons, and factors influencing prices to help renters and landlords navigate the current market. Stay informed about the latest developments in Vancouver’s rental housing landscape.