Vancouver
British Columbia
Statistics Canada geography code 5915022 · census subdivision
MARKET SCORE
Model CS-MI-1.0 · calculated 2026-09-30
Market snapshot
Average rent
$2,363
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Rental vacancy rate
3.7%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Source: Canada Mortgage and Housing Corporation
Confidence: high
Population trend
+10.0% 2013–2022 · CalculatedSource: Table 17-10-0142-01 — Population estimates, July 1, by census subdivision (vector 1138983452) · published 2023-01-11
What drives this market?
These weightings are an interpretation of the local economy, not a measurement. They are shown to explain what appears to support rental demand here — treat them differently from the sourced statistics above.
- Transportation20% of local drivers
The Port of Vancouver is the largest in Canada by tonnage and the country’s principal Asia-Pacific gateway.
- Technology18% of local drivers
A technology sector anchored by large US firms’ engineering offices, plus visual effects and animation studios.
- Construction16% of local drivers
Among the most expensive housing markets in North America, with construction activity to match.
- Tourism14% of local drivers
Cruise season, ski tourism and convention traffic produce a pronounced seasonal employment pattern.
- Health Care12% of local drivers
Vancouver General and St. Paul’s anchor provincial health services.
- Education10% of local drivers
The University of British Columbia and Simon Fraser University.
- Government10% of local drivers
Municipal and regional administration, plus federal Pacific regional offices.
Rental market
Average rent
$2,363
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
Vacancy rate
3.7%
CMHC reports this figure for the census metropolitan area, which is wider than the city this market is defined by. Population here is city-level; rent and vacancy are metro-level. CMHC reliability code "a".
All data for this market
| Metric | Period | Value | Type | Confidence | Source |
|---|---|---|---|---|---|
| average rent | — | $2,363 | observed | high | Canada Mortgage and Housing Corporation |
| population | 2022 | 706,012 | observed | high | Statistics Canada |
| population | 2021 | 694,351 | observed | high | Statistics Canada |
| population | 2020 | 699,271 | observed | high | Statistics Canada |
| population | 2019 | 692,965 | observed | high | Statistics Canada |
| population | 2018 | 678,308 | observed | high | Statistics Canada |
| population | 2017 | 669,699 | observed | high | Statistics Canada |
| population | 2016 | 664,156 | observed | high | Statistics Canada |
| population | 2015 | 658,618 | observed | high | Statistics Canada |
| population | 2014 | 651,651 | observed | high | Statistics Canada |
| population | 2013 | 641,654 | observed | high | Statistics Canada |
| rent change pct | — | 2.2% | observed | high | Canada Mortgage and Housing Corporation |
| unemployment rate | 2024 | 5.9% | observed | high | Statistics Canada |
| unemployment rate | 2023 | 5.6% | observed | high | Statistics Canada |
| unemployment rate | 2022 | 4.7% | observed | high | Statistics Canada |
| unemployment rate | 2021 | 6.9% | observed | high | Statistics Canada |
| unemployment rate | 2020 | 9.4% | observed | high | Statistics Canada |
| unemployment rate | 2019 | 4.6% | observed | high | Statistics Canada |
| unemployment rate | 2018 | 4.1% | observed | high | Statistics Canada |
| unemployment rate | 2017 | 4.7% | observed | high | Statistics Canada |
| vacancy rate | — | 3.7% | observed | high | Canada Mortgage and Housing Corporation |
Rows showing Data unavailable are recorded deliberately, with the reason, rather than omitted — so you can tell the difference between a figure that is zero and one we simply do not have.