{"id":654737,"date":"2026-05-07T23:21:10","date_gmt":"2026-05-07T23:21:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/654737\/"},"modified":"2026-05-07T23:21:10","modified_gmt":"2026-05-07T23:21:10","slug":"vancouver-just-had-the-largest-rent-decline-in-all-of-canada-daily-hive","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/654737\/","title":{"rendered":"Vancouver just had the largest rent decline in all of Canada | Daily Hive"},"content":{"rendered":"<p>The cost of living in B.C. can be an expensive one, with <a href=\"https:\/\/dailyhive.com\/vancouver\/vancouverites-afford-high-expenses\" target=\"_blank\" rel=\"nofollow noopener\">many residents using different strategies to make ends meet<\/a>. But things may be looking up for Vancouver renters looking to stretch their wallets further.<\/p>\n<p>A new report from Rentals.ca reveals that asking rents for Vancouver apartments have dropped the most compared to other parts of Canada.<\/p>\n<p>According to the latest National Rent Report created by Rentals.ca and Urbanation, British Columbia is also the province with the steepest rent decline in the country.<\/p>\n<p><img alt=\"vancouver apartment\" title=\"\" loading=\"lazy\" width=\"1024\" height=\"529\" decoding=\"async\" data-nimg=\"1\" class=\"size-large wp-image-1751245\" style=\"color:transparent\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/apartments-vancouver-rent-1024x529.jpg\"\/><\/p>\n<p id=\"caption-attachment-1751245\" class=\"wp-caption-text\">Oleksandra Kharkova\/Shutterstock<\/p>\n<p>\u201cAmong Canada\u2019s six largest\u00a0rental markets, apartment rents declined across all cities in April, led by Vancouver,\u201d Rentals.ca said in its report.<\/p>\n<p>\u201cVancouver experienced the steepest declines across several unit types, including one-bedroom and three-bedroom apartments.\u201d<\/p>\n<p>According to Rentals.ca, the average asking rent for a one-bedroom rental in Vancouver is $2,358 per month, down seven per cent compared to April 2025. A two-bedroom rental has an average asking price of $3,317 per month, down 2.8 per cent year-over-year.<\/p>\n<p>The average rent in Vancouver sits at $2,679, which is a 5.3 per cent dip compared to last year at this time. It is also a higher drop compared to the national average.<\/p>\n<p><img alt=\"Vancouver rent\" title=\"\" loading=\"lazy\" width=\"1024\" height=\"652\" decoding=\"async\" data-nimg=\"1\" class=\"size-large wp-image-2269339\" style=\"color:transparent\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/Vancouver-rent-1024x652.jpg\"\/><\/p>\n<p id=\"caption-attachment-2269339\" class=\"wp-caption-text\">Rentals.ca<\/p>\n<p>North Vancouver is the most expensive municipality in Canada to rent, with the average asking rent for a one-bedroom rental reaching $2,523 per month and a two-bedroom rental hitting $3,358 per month.<\/p>\n<p>Burnaby, Coquitlam, Langley, and Victoria also made the top 20 most expensive places to rent in the country.<\/p>\n<p><img alt=\"Vancouver renters\" title=\"\" loading=\"lazy\" width=\"1024\" height=\"683\" decoding=\"async\" data-nimg=\"1\" class=\"wp-image-2242992 size-large\" style=\"color:transparent\"   src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/rent-bank-bc-1-1024x683.jpg\"\/><\/p>\n<p id=\"caption-attachment-2242992\" class=\"wp-caption-text\">Margarita Young\/Shutterstock<\/p>\n<p>It is also the 19th consecutive month of year-over-year declines in asking rent in Canada, with B.C. being only one of two provinces seeing rent declines over the past three years.<\/p>\n<p>\u201cThe largest apartment rent decreases in the past year were seen in B.C. (-5.9 per cent, $2,336), Ontario (-5.2 per cent, $2,216), and New Brunswick (-3.9 per cent, $1,472),\u201d added Rentals.ca<\/p>\n<p>While Metro Vancouver cities still make up some of the most expensive places\u00a0to rent in the country, prices have been trickling down over the past few years\u00a0\u2014\u00a0and some people are taking advantage of it.<\/p>\n<p>A renter found <a href=\"https:\/\/dailyhive.com\/vancouver\/vancouver-cheaper-rent\" target=\"_blank\" rel=\"nofollow noopener\">an opportunity to get his rent lowered<\/a>, and it paid off.<\/p>\n<p>The full Rentals.ca National Rent Report can be found <a href=\"https:\/\/rentals.ca\/national-rent-report\" target=\"_blank\" rel=\"nofollow noopener\">online<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The cost of living in B.C. can be an expensive one, with many residents using different strategies to&hellip;\n","protected":false},"author":2,"featured_media":654738,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48],"class_list":["post-654737","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ca","tag-canada"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=654737"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/654738"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=654737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=654737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=654737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}