Map of vacancy rate changes in southwestern B.C.

Apartment rents rise slightly in Metro Vancouver, CMHC finds

Vacancy rate dips to 1.7 per cent, while most monthly rents in Metro region up $10 to $20 from year ago

Metro Vancouver apartment vacancy rates are down slightly to 1.7 per cent and monthly rents have climbed $10 to $20 from a year ago, according to a new survey.

The Canada Mortgage and Housing Corp.’s Rental Market Report shows the average rent paid for a one-bedroom apartment in Metro Vancouver is now $1,005 (up from $982), while two-bedroom units rent on average for $1,281 (up from $1,261.)

Apartment demand has been fanned by the nearly 30,000 new residents who moved to Metro Vancouver from other countries in 2012, the report said.

It’s cheaper in Victoria, where average one-bedroom rents are $833, and the Abbotsford-Mission area is even more affordable at $676. Average rents below $600 were measured in Terrace, Prince Rupert, Williams Lake, Powell River, Port Alberni and Quesnel, which came in lowest at $534 for a one-bedroom apartment.

The vacancy rate rose slightly in Victoria to 4.0 per cent, but dropped in Abbotsford-Mission to 3.9 per cent.

Just Posted

Metamorphosis returns to White Rock’s Memorial Park

Joan Miriam Adams’ sculpture more prominently displayed on waterfront

Senator speaks to South Surrey students

Yonah Martin visited Earl Marriott Secondary on Jan. 16

VIDEO: Three-peat for Semiahmoo at basketball’s Surrey RCMP Classic

South Surrey-based squad tops Lord Tweedsmuir in final at Enver Creek gym

Tardi earns first victory in quest for third national title

A Langley-based junior curling team is in Prince Albert, Sask. for the Canadian championships.

VIDEO: Surrey-based business wants customers to ‘Eat the Dishes’

New business plans to be one of the ongoing vendors at KPU’s new winter market

VIDEO: Students in MAGA hats mock Native American at Indigenous Peoples March

Diocese in Kentucky says it is investigating the matter, caught on video by onlookers

VIDEO: Koch’s OT winner sends Giants to sixth straight victory

Three games, three cities, three victories for Lower Mainland-based G-Men’s major junior hockey team.

Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says

Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness

CONSUMER REPORT: What to buy each month in 2019 to save money

Resolve to buy all of the things you want and need, but pay less money for them

UPDATE: B.C. woman and boy, 6, found safe, RCMP confirm

Roseanne Supernault says both she and her six-year-old nephew are fine and she has contacted police

PHOTOS: Women’s Marches take to the streets across B.C. and beyond

Women and allies marched worldwide protesting violence against women, calling for equality

VIDEO: Giants wrap southern swing with 6-4 win in Spokane

The Lower Mainland-based hockey team defeated the Chiefs Friday night.

Anxiety in Alaska as endless aftershocks rattle residents

Seismologists expect the temblors to continue for months, although the frequency has lessened

Women’s March returns across the U.S. amid shutdown and controversy

The original march in 2017, the day after President Donald Trump’s inauguration, drew hundreds of thousands of people

Most Read

l -->