Average rents in B.C. fell 5.7 per cent in the second quarter of 2026, one of the steepest declines in Canada, according to a new report from Rentals.ca and Urbanation.
Rents across B.C. continued to decline in June, falling 5.3 per cent from a year earlier as asking prices eased in most major markets, according to a new Rentals.ca and Urbanation report.
Average rents in British Columbia fell 5.7 per cent in May from a year earlier, as the province lost its position as Canada's most expensive rental market to Nova Scotia.
Average asking rents in British Columbia dropped 5.1 per cent in March from a year earlier, even as the province remained the most expensive rental market in Canada.
Rents in British Columbia continued to decline in February, falling 4.9 per cent compared with a year earlier, according to the latest report from Rentals.ca and Urbanation.
British Columbia and Alberta saw the largest declines in the price of apartment rentals over the past year, although B.C. remained the most expensive province for renters.
British Columbia remained the most expensive province for renters in May, despite a three per cent annual decline in average rental prices in the province.
A potentially powerful El Niño could worsen drought conditions across B.C., prompting calls for stronger water protection measures from the next provincial government.
A potentially powerful El Niño could worsen drought conditions across B.C., prompting calls for stronger water protection measures from the next provincial government.
B.C.'s major political parties are pitching tax cuts, frozen auto insurance rates and education improvements as the provincial election campaign continues.
