B.C. asking rents hold steady in October as Vancouver ends decline streak

Asking rents in British Columbia were virtually unchanged in October, slipping 0.1 per cent from September, according to the latest Rentals.ca report.

Vancouver rents edged up 0.2 per cent to $2,735, ending a 34-month streak of declines. The increase was driven by larger units and gains in one- and two-bedroom rents, although prices remained below year-ago levels.

The national average asking rent for all property types across Canada was $2,036 in October, down 3.2 per cent year-over-year.

Average Asking Rents across Canada for October 2026. (Image Credit: Rentals.ca)

It was the 25th consecutive month of declines, but the smallest since February 2026, improving from declines of 4.8 per cent in August and 4.2 per cent in September.

Rents edged up 0.1 per cent from October, following slight declines in August and September. Rents were down 5.4 per cent from two years ago in October 2024,

Rents moved lower from September in Quebec (-1.3 per cent), Alberta (-0.8 per cent) and Manitoba (-0.5 per cent), and were essentially flat in B.C. (-0.1 per cent).

The average B.C. rent across the province was $2,407, with studios coming in at $1,870, one-bedroom at $2,052, two-bedroom at $2,631 and three-bedroom at $3,296.

To read the full report, click here.