What You Need to Know About Metro Vancouver’s Rental Market
Feb 25, 2022
Written by
Ryan BerlinSHARE THIS
Metro Vancouver continues to have the lowest purpose-built rental vacancy rate among major Canadian markets and, at 1.2%, the region’s vacancy rate is now almost on par with its pre-pandemic level. This low rate, combined with what is anticipated to be historically-high in-migration to the region, will almost certainly yield a very tight rental market through the balance of 2022.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.
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We are pleased to present our Spring 2025 edition of the Seattle rennie landscape. Just as it seemed we were beginning to emerge from a difficult period of economic anxiety, new tariff-induced uncertainties have appeared on the horizon. But there is plenty to be optimistic about, and these bright spots are worth holding on to. The labor market continues to show resilience, and a closer examination of our debt levels reveals welcome breathing room. Washington State is also bolstered by a dynamic local job market, and a growing population that continues to drive our region's economy forward.
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