Vancouver's rent prices have slightly increased since January 2026 but remain lower than in 2022 after 28 months of declines. North Vancouver is the priciest rental market in Canada, with average rents of $2,971 for all units. One-bedroom rents in Vancouver rose 1% from February to $2,400 but are down 5.2% year-over-year. Vancouver saw notable rent drops in studios (-6.8%), three-bedroom units (-6%), and shared accommodations (-16.3%).