Primary Rental Market
Summary Statistics

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British Columbia — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1990 October 1.0 a ** 568 a 540 a ** 177,144
1991 October 2.0 a ** 587 a 565 a 5.1 a 186,596
1992 October 1.8 a ** 601 a 575 a 2.8 a 183,144
1993 October 1.5 a ** 618 a 590 a 2.9 a 181,375
1994 October 1.4 a ** 632 a 600 a 2.6 a 180,071
1995 October 2.4 a ** 644 a 620 a 2.2 a 179,241
1996 October 2.8 a ** 657 a 625 a 1.7 a 179,540
1997 October 3.5 a ** 665 a 630 a 1.0 a 179,661
1998 October 5.3 a ** 666 a 630 a 0.3 a 179,311
1999 October 5.2 a ** 668 a 635 a 0.4 a 179,651
2000 October 3.8 a ** 677 a 650 a 1.3 a 179,621
2001 October 2.9 a ** 698 a 660 a 3.3 a 179,642
2002 October 3.3 a ** 716 a 675 a 2.3 a 179,370
2003 October 3.3 a ** 730 a 690 a 2.0 a 180,127
2004 October 2.5 a ** 744 a 700 a 1.8 a 178,915
2005 October 2.0 a 3.2 a 762 a 720 a 2.7 a 178,509
2006 October 1.2 a 1.9 a 797 a 750 a 4.3 a 176,052
2007 October 1.0 a 1.7 a 829 a 775 a 5.2 a 173,284
2008 October 1.1 a 1.8 a 871 a 809 a 5.1 a 172,058
2009 October 3.0 a 3.8 a 902 a 845 a 2.8 a 173,473
2010 October 2.8 a 3.7 a 918 a 850 a 2.3 a 173,613
2011 October 2.5 a 3.4 a 943 a 870 a 2.0 a 173,824
2012 October 2.8 a 3.7 a 963 a 890 a 2.0 a 174,160
2013 October 2.5 a 3.4 a 979 a 900 a 2.0 a 175,532
2014 October 1.6 a 2.3 a 1,005 a 925 a 2.3 a 176,746
2015 October 1.3 a 1.8 a 1,042 a 950 a 3.4 a 178,571
2016 October 1.4 a 2.0 a 1,104 a 1,000 a 5.4 a 180,265
2017 October 1.3 a 1.9 a 1,169 a 1,069 a 5.7 a 181,848
2018 October 1.4 a ** 1,251 a 1,162 a 6.3 a 184,211
2019 October 1.5 a ** 1,324 a 1,250 a 4.2 a 187,827
2020 October 2.5 a ** 1,365 a 1,300 a 2.5 a 193,365
2021 October 1.4 a ** 1,406 a 1,350 a 2.8 a 197,140
2022 October 1.3 a ** 1,530 a 1,450 a 6.5 a 203,543
2023 October 1.2 a ** 1,660 a 1,575 a 9.2 a 211,671
2024 October 1.9 a ** 1,753 a 1,675 a 4.0 b 217,648
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)