A new report from the Canada Mortgage and Housing Corporation indicates that Vancouver rent rates are decreasing for some tenants, with a five percent decrease for two-bedroom purpose-built rentals this year, attributed to increasing supply, sluggish job markets, and declining migration. However, low-income and working-class renters are not experiencing these decreases, and economists warn this softening is likely a short-term trend without significant public and private investment.
Vancouver rent report shows rates coming down, but not for everyone
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TL;DR: Key points with love ❤️A new report from the Canada Mortgage and Housing Corporation indicates that Vancouver rent rates are decreasing for some tenants, with a five percent decrease for two-bedroom purpose-built rentals this year, attributed to increasing supply, sluggish job markets, and declining migration. However, low-income and working-class renters are not experiencing these decreases, and economists warn this softening is likely a short-term trend without significant public and private investment.
Trending- 1 Last year: Rent for a two-bedroom purpose-built rental increased by about five percent.
- 2 This year (same quarter): Rent for a two-bedroom purpose-built rental decreased by five percent.
- 3 2024: Secondary rental market saw a 1.2-per cent increase.
- 4 This year: Secondary rental market saw a five-per cent decrease.
- Rent decreases for some tenants
- Low-income renters still face skyrocketing rents
- Rental affordability has not improved
- Economists warn of short-term trend and potential rebound without significant investment
What: Vancouver rent rates are coming down for some tenants, but not for low-income renters, according to a new report.
When: Mid-year market report (current year, 2025).
Where: Vancouver, British Columbia, Canada.
Why: Increasing supply, sluggish job markets, and declining migration are pushing rates down from last year.
How: Data from the Canada Mortgage and Housing Corporation report.