Vancouver Apartment Rental Stats April 2019

Vancouver Rentals – April 2019 Stats

Vancouver Rental Stats April 2019 Infographic

This month we take a look at the state of the rental market in Greater Vancouver based on April’s figures.

Renter Statistics

In April 2019, again more women were actively seeking a rental property than men – 55% and 45 respectively, as was the case in March. And the large majority of rental seekers – 44% – fall into the 25-34 year old category.

Vancouver Renters Male Vs Female Infographic

Pet Friendly Vancouver Rentals

Finding accommodation when you have a furry friend remains a challenge for Greater Vancouverites. When looking at the volume of listings online, more than a quarter (27%) of liv.rent listings were pet friendly compared to 15% of listings on other platforms.

Pet Friendly Rentals Infographic Liv Rent

Furnished vs. Unfurnished Rentals

Interestingly, the price differential between furnished and unfurnished rental options closed a little in April. The average rent for an unfurnished one bedroom apartment in April was $1,801 per month up from March’s $1,682 average. The average cost of a furnished apartment, however, crept downwards to $1,862  from March’s $1,930.

Vancouver Furnished vs Unfurnished Average Rent Price Infographic

Bargain Hunters

Surrey continues to have the lowest average rent for a 1 bedroom unit at $1,414 compared to Downtown Vancouver’s average of $2,178 for a comparable home.

Remember though, despite paying premium rates to live in Vancouver, tenants are saving in other ways, primarily, on car-related expenses (vehicle, insurance, fuel and repairs). In addition, time is money, and living near where you work pays mental health dividends in terms of reduced commuting times and associated stress.

Vancouver Rental Price Average by Neighbourhood Infographic

 

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Kristina Ikavalko

Kristina Ikavalko

Creative Content Creator for Liv, based in Vancouver. Fan of field hockey, food, fashion & politics.

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