Two Metro Vancouver cities see rent rise as others fall to historic lows

Rent in Vancouver has dropped to its lowest level since March 2022, with a 1.8% decrease for one-bedroom units compared to October and a 5% drop year-over-year. North Vancouver remains the priciest rental market in Canada. While most Metro Vancouver cities saw rent declines, Coquitlam and Langley experienced slight increases. Despite the decreases, Vancouver rents remain significantly higher than cities like Edmonton.