More promising signs for affordable rent across Metro Vancouver

Renting in Metro Vancouver is showing signs of improvement, with recent reports indicating a trend towards more affordable rates. liv.rent notes that rents have remained below 2023 levels for five consecutive months, while Zumper reports a decline in median rents in pricier areas. Downtown Vancouver remains the most expensive, averaging $2,772 for an unfurnished one-bedroom. Surrey is the cheapest at $1,928, and overall, Vancouver continues to be the most expensive city in Canada, though one-bedroom rents have decreased by 1.9% to $2,600.