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B.C.  + Apartments  |  June 26, 2025
Photo of Vancouver apartment towers and other buildings, by Shutterstock.
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By: Monte Stewart

Vancouver Posted Canada’s Highest Apartment Asking Rents in First Half

Vancouver recorded Canada’s highest average asking two-bedroom apartment rent in the first quarter, says a new Statistics Canada report.

StatCan says the average Vancouver asking rent was $3,170, down from $3,440 in the first quarter of 2024.

By comparison, Toronto’s average asking rent stood at $2,690, falling from $2,850 a year earlier. Victoria, B.C., a secondary market, posted a $2,680 average compared to $2,690 in the first quarter of 2024.

Ottawa’s average asking rent increased $200 year-over-year to $2,490 from $2,290.

Pictured: Vancouver apartment towers and other buildings.

Photo: Shutterstock

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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