May 2026 Metro Vancouver Rent Report: Rental Prices Decline Across All Unit Types

According to the latest report, Metro Vancouver rents have continued to decline across all unit types compared to last year. One-bedroom units have fallen to an average of $2,086, representing an 8.31% decrease, while two-bedroom units now average $2,696, down 5.30%, and three-bedroom units are at $3,513, a 4.04% drop. This widespread decrease indicates a significant easing in rental demand across the region.