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B.C. rental rates continue to decline, just not as much as the rest of Canada

  • The average asking rent for an apartment in B.C. in February 2025 was $2,457, down one percent from February 2024 according to Rentals.ca.
  • Nationally, rental prices fell 2.9 percent to $2,088, marking the lowest price since July 2023.
  • In Vancouver, the average price for a one-bedroom unit declined 5.1 percent to $2,518, making it the highest average rent in Canada.
  • Shaun Hildebrand stated that "rents in Canada are softening as supply is outweighing demand.
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B.C. rental rates continue to decline, just not as much as the rest of Canada

Rentals.ca numbers show the average asking rent for an apartment in B.C. in February 2025 was $2,457

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Langley Advance Times broke the news in on Thursday, March 13, 2025.
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