---
title: "Vancouver asking rents fell 4 per cent in October, Zumper report says"
description: "Zumper's Canadian Rent Report for October 2026 shows Vancouver one-bedroom rents at $2,400 a month, down 4 per cent from a year ago, as Metro Vancouver's vacancy rate reaches its highest level since 1988."
canonical_url: "https://voche.me/news/vancouver-rent-zumper-october-2026"
last_updated: "2026-11-12T23:01:27.913Z"
---

Vancouver asking rents fell year over year in October 2026, according to Zumper's Canadian Rent Report. Daily Hive Vancouver reported on November 12 that the median asking rent for a one-bedroom unit in Vancouver was $2,400 a month in October, down 4 per cent from a year earlier. The median asking rent for a two-bedroom was $3,300 a month, down 1.5 per cent over the same period.

Zumper is a digital marketplace for renters and property managers. Its Canadian Rent Report tracks asking rents on apartment listing sites each month.

## Why rents are easing

The report points to rising vacancy as the main factor. Canada Mortgage and Housing Corporation's most recent annual survey put Metro Vancouver's purpose-built vacancy rate at 3.7 per cent, Daily Hive reported. CMHC said that is the highest vacancy rate Metro Vancouver has seen since 1988.

A higher vacancy rate means more empty units competing for tenants, which puts downward pressure on asking prices. Zumper said the oversupply is hitting some Metro Vancouver cities harder than others.

## Vancouver still the most expensive in Canada

Despite the declines, Vancouver held the top position for the most expensive one-bedroom and two-bedroom asking rents in the country in October 2026, according to the Zumper data. At $2,400 a month for a one-bedroom and $3,300 for a two-bedroom, Vancouver asking rents remained above every other Canadian city in the report.

The figures are asking rents on listing sites, which represent what landlords are advertising, not what every tenant pays. Rents on existing leases vary.

## What to do with this information

Renters whose leases are coming up for renewal, or who are looking for a new place, can use the median figures as a reference point for what landlords are currently asking. The City of Vancouver's [tracker](/tracker) follows the new council's decisions on housing. For questions about tenant rights, the Residential Tenancy Branch handles disputes and information at gov.bc.ca/residentialtenancy.

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