rennie brief: Metro Vancouver's Rental Market

rennie brief: Metro Vancouver's Rental Market

RENTAL MARKET UPDATE the rennie brief

WHAT YOU NEED TO KNOW ABOUT METRO VANCOUVER’S RENTAL MARKET • Metro Vancouver continues to have the lowest purpose-built rental vacancy rate among major Canadian markets, at 1.2%. The region’s vacancy rate is now almost on par with its pre-pandemic level (1.1%). • While rental rates were frozen for existing tenants, they increased by 1.9% overall due to both the turnover of units and the addition of new units to the existing stock.

FEBRUARY 2022

The Canada Mortgage and Housing Corporation (CMHC) collects >Page 1

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