National

Slowdown in skyrocketing rents in Metro Vancouver

Darpan News Desk The Canadian Press, 18 Dec, 2023 02:16 PM

The skyrocketing rents in Metro Vancouver are slowing according to the latest report by Rentals-dot-C-A and Urbanation.

The report says the area's asking rents in November rose less than 1 per cent from last year, reaching an average rental unit price of three-thousand-171-dollars.

That figure represents a 1.4-per-cent decline from October.

Rent prices overall remain elevated, with the asking price for shared accommodations in B-C, Alberta, Ontario and Quebec growing more than 16 per cent over the past year to almost one-thousand-dollars.

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