CMHC's Vancouver Rental Market Report for 2017 provides in depth analysis of rental rates, vacancy rates, turnover rates, building types, and much more. This exhaustive report details statistics for bachelor, 1 bedroom, 2 bedroom and 3 plus bedroom homes from Vancouver all the way to Maple Ridge and Langley. Analysis is also provided by various neighbourhoods. This is a must have report for Greater Vancouver BC real estate investors.
Immigration, low supply of rental housing and increasing home ownership costs continue to put upward pressure on rental affordability and supply. According to the 2017 Vancouver Rental Market Report, overall vacancy rates have increased to 0.9% and the average rent is $1,297 which is up 5.9%. On average, Vancouver still continues to achieve higher rental rates than outlying areas and ranges from $1,060 for a bachelor to $3,150 for 3 plus bedrooms.
View the PDF for all the details. To view the details of rent analysis for all cities in Greater Vancouver, just view the Rental Market Report PDF.
Source of PDF: CMHC
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