Primary Rental Market
% Change of Average Rent

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  3. Historical Time Periods

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Vancouver — Historical % Change of Average Rents by Bedroom Type

  Bachelor 1 Bedroom 2 Bedroom 3 Bedroom + Total
1990 October ** ** ** ** **
1991 October 5.3 b 4.4 b 1.5 c 1.9 c 3.3 b
1992 October 2.7 b 1.8 b 3.1 b ** 1.8 a
1993 October 3.5 b 2.6 a 1.6 b 3.7 d 2.6 a
1994 October 2.5 b 3.1 d 2.6 b 1.3 a 2.6 b
1995 October 3.3 b 2.5 a 3.1 b 2.7 b 2.6 a
1996 October 2.8 a 2.8 a 2.5 a ++ 2.5 a
1997 October 2.1 b 1.6 a 0.8 a 3.2 d 1.5 a
1998 October 0.9 a 0.7 a 1.7 c ++ 0.9 a
1999 October ++ 0.9 a 1.9 b 1.3 a 0.9 a
2000 October 2.4 b 2.2 a 2.2 b 1.6 c 2.1 a
2001 October 4.3 b 4.4 b 3.6 b 2.3 c 4.3 a
2002 October 2.8 b 2.7 a 2.5 b 3.6 d 2.6 a
2003 October 2.4 b 1.8 b 2.6 b 3.1 c 2.1 b
2004 October 1.6 c 1.7 b 1.6 c 1.4 d 1.6 b
2005 October 2.3 b 1.9 a 1.8 b 3.8 d 2.0 a
2006 October 3.9 a 3.9 a 4.4 a 3.1 b 3.9 a
2007 October 4.7 b 4.4 a 5.5 a 4.6 b 4.6 a
2008 October 3.6 b 4.2 a 4.6 a 5.5 d 4.3 a
2009 October 3.6 a 2.9 a 2.6 a 3.7 b 2.9 a
2010 October 3.0 a 2.6 a 3.1 a 2.3 b 2.6 a
2011 October 2.2 a 2.3 a 2.3 a 2.7 a 2.3 a
2012 October 2.5 a 2.3 a 2.3 a 1.9 a 2.3 a
2013 October 2.4 a 2.4 a 2.1 a 2.3 a 2.2 a
2014 October 2.3 a 2.6 a 2.4 a 2.3 b 2.5 a
2015 October 3.8 a 3.8 a 4.5 a 4.1 b 3.9 a
2016 October 6.4 a 6.8 a 5.7 a 4.8 b 6.4 a
2017 October 5.8 a 6.1 a 6.1 a 3.9 c 5.8 a
2018 October 6.2 a 6.4 a 5.5 a 5.7 b 6.1 a
2019 October 4.9 a 5.0 a 4.9 a 4.9 c 4.7 a
2020 October 3.3 b 2.0 a 1.5 b ++ 2.0 a
2021 October 2.9 a 2.0 a 2.4 a 3.7 c 2.1 a
2022 October 6.1 b 6.4 a 5.8 b 6.9 b 6.4 a
2023 October 8.5 b 10.3 a 8.5 a 5.1 c 9.5 a
2024 October 6.2 b 4.2 b 5.6 b 6.3 c 4.5 b
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)