BC rental update: Vancouver vacancy rate at 1.2%

Vacancy rates in British Columbia’s largest urban area were cut by more than half in 2021 in a return to pre-pandemic levels, according to a new Canada Mortgage and Housing Corporation (CMHC) report. In Kelowna, rental vacancy rates sat at 0.6 per cent, and in Victoria, rates dropped to one per cent last year, with the average two-bedroom rental climbing to $1,571. That’s in a city where vacancy rates for condominium rentals fell to zero last year.

Which Homes Can You Afford?

Get a list

How Much Is Your Home Worth?

Calculate Now

Continue to full article