Vancouver has the most expensive housing rental market of Canada's biggest cities - but prices have cooled off slightly this year.
Despite dropping by $110 since 2023, Vancouver's rent prices are still among the highest in Canada, with only North Vancouver inching ahead. North Vancouver's average prices for newly-listed one-bedroom, unfurnished units climbed to $2,704 this month. Two other Greater Toronto Area cities, Oakville and Mississauga, rounded out the top five, with prices averaging $2,299 and $2,283, respectively.
Vancouver still had the highest rent in the county in April 2021, narrowly passing Toronto's average of $1,810. Prices had dropped year-over-year by -3.7 per cent from $2,006 in April 2020 .
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