In the BC Rental Market Newsroom, Vancouver Condo Rentals excerpts and links to stories about the property rental market in BC. Opinions expressed within are those of the original source.
Average rent for a one-bedroom apartment in Vancouver tops $3,000 a month
By , September 26, 2023
Vancouver’s rental prices are the highest in Canada and can easily eat up half of a couple’s pre-tax income
The average rent for a one-bedroom apartment in Vancouver has exceeded $3,000.PHOTO BY CARMINE MARINELLI /QMI AGENCY
Joe Pobia has been living in a bachelor suite in a Commercial Drive apartment for 10 years. His rent was $770 a month when he moved in, and after moderate increases each year, he’s now paying $1,070. But after an eviction notice in April, which stated his suite was needed to house another resident property manager, the construction worker is now looking for a home in the most expensive place to rent in Canada.“It’s so stressful,” he said. The average rental price for a one-bedroom apartment in Vancouver is now more than $3,000 a month.READ MORE
