Vancouver asking rents inch up in October, ending 34-month decline
The average asking rent for a rental unit in Vancouver rose to $2,735 in October 2026, a 0.2 per cent increase from September and the first monthly gain after nearly three years of falling prices, according to the Rentals.ca National Rent Report.
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Vancouver's average asking rent rose to $2,735 in October 2026, up 0.2 per cent from September, ending a streak of 34 consecutive monthly declines, according to 102.9 Rewind Radio, which reported data from the Rentals.ca National Rent Report released this week.
The 0.2 per cent gain is a small change in dollar terms, but it marks the first time since the decline began that the city's average asking rent moved up rather than down. The outlet reported that increases in larger units, particularly one- and two-bedroom rentals, pulled the Vancouver figure above September's level.
BC rents by unit type
Across the province, the BC average asking rent was $2,407 in October, down 0.1 per cent from the month before, according to Rentals.ca. The provincial breakdown by unit type:
- Studio: $1,870 per month
- One-bedroom: $2,052 per month
- Two-bedroom: $2,631 per month
- Three-bedroom: $3,296 per month
These are asking rents on new listings. What a renter already in an existing tenancy pays is set by the province's annual rent increase limit, which is separate from the asking rent market.
National picture
Nationally, the average asking rent was $2,036 in October, down 3.2 per cent compared with October 2025, according to Rentals.ca. That was the 25th consecutive month of year-over-year declines at the national level, though Rentals.ca described it as the smallest annual drop since February 2026, as reported by 102.9 Rewind Radio.
Vancouver's asking rent of $2,735 is $699 above the national average of $2,036.
What renters can do with this
A renter looking for a unit in Vancouver can compare any listing against the October 2026 benchmarks. The Rentals.ca National Rent Report is published monthly and tracks asking rents on active listings. The October 2026 BC averages are $2,052 for a one-bedroom and $2,631 for a two-bedroom; Vancouver runs above those provincial figures.
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Questions this story answers
What is the average asking rent in Vancouver in October 2026?
The average asking rent for a rental unit in Vancouver was $2,735 in October 2026, up 0.2 per cent from September 2026, according to 102.9 Rewind Radio, which reported data from the Rentals.ca National Rent Report.
Has Vancouver rent stopped declining?
October 2026 was the first month since the decline began that Vancouver's average asking rent rose rather than fell. The October figure of $2,735 was up 0.2 per cent from September, ending a streak of 34 consecutive monthly declines, according to 102.9 Rewind Radio, which reported the Rentals.ca National Rent Report. Whether that marks a turning point or a one-month pause is not something Rentals.ca said.
What is the average asking rent in BC in October 2026?
The BC provincial average asking rent was $2,407 in October 2026, down 0.1 per cent from September, according to Rentals.ca as reported by 102.9 Rewind Radio. That is below Vancouver's figure of $2,735, reflecting that rents in other BC cities and regions are lower than in the Metro Vancouver market. Rentals.ca tracks asking rents on active listings, not rents in signed leases.
What are typical rents by unit type in BC in October 2026?
According to Rentals.ca, as reported by 102.9 Rewind Radio, the BC provincial averages by unit type in October 2026 were: studio $1,870 per month; one-bedroom $2,052 per month; two-bedroom $2,631 per month; three-bedroom $3,296 per month. These are asking rents on new listings, not signed leases or rents in existing tenancies.
What is the national average asking rent in October 2026?
The national average asking rent in Canada was $2,036 in October 2026, down 3.2 per cent compared with October 2025. That was the 25th consecutive month of year-over-year declines, though Rentals.ca called it the smallest annual drop since February 2026, according to 102.9 Rewind Radio.
What drove Vancouver rents up in October 2026?
102.9 Rewind Radio, which reported the Rentals.ca National Rent Report data, said increases in larger units, particularly one- and two-bedroom rentals, pushed the Vancouver average asking rent up in October 2026. The article did not give a further breakdown of how much each unit type changed. Studios and three-bedroom units were not specifically cited as a driver of the increase.
What is Rentals.ca?
Rentals.ca is a Canadian rental listings website that publishes a monthly National Rent Report tracking average asking rents on active listings across Canadian cities and provinces. The figures are based on new listings, not signed leases.
Where can I find rental listings and rent data for Vancouver?
Rentals.ca publishes a monthly National Rent Report with average asking rents by province and city. The October 2026 report showed a Vancouver average of $2,735. Rentals.ca also lists active rental units for rent across Canada.
Sources
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