Metro Vancouver's average rent fell 5.9% in June 2025 to $2,830 per month.
Shared rental prices in Metro Vancouver dropped nearly 10%, the steepest decline in Canada.
The drop in rent reflects increased housing supply, slower population growth, and economic uncertainty.
North Vancouver leads Canada in rent costs, with one-bedrooms averaging $2,620 monthly.
National rental prices remain 12% higher than three years ago despite recent regional declines.
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