December 2019 Vancouver Rent Report

December 2019 Vancouver Rent Prices

Let’s dive into the December 2019 Vancouver Rent Report and take a closer look into average rents in Vancouver, renter demographics, and rent changes in Greater Vancouver based on December 2019’s figures. The Vancouver rental price numbers for December point to an upward trend in rental rates across the Lower Mainland and a forecast for further upward pressure into 2020.

December 2019 Vancouver Rent Report - Rental Trend

Vancouver Renter Demographics

In December, the vast majority of rental seekers, 45% fell into the 25-34 yr old category, followed by 22% in the 35-44 yr old category.December 2019 Vancouver Rent Report - Renter Demographics

Pet Friendly Vancouver Rentals

For all of you out there with furry friends, liv.rent continues to feature the largest percentage (29%) of pet friendly listings compared to 20% on other platforms. In general, there seems to be perceptible growth in the number of rentals that accept pets.

December 2019 Vancouver Rent Report - Percentage of pet friendly rentals

Vancouver Unfurnished vs. Furnished Rent Averages

How much is rent in Vancouver? The average rent in Vancouver for an unfurnished one bedroom apartment in December rose slightly to $1,784 from November’s $1,700. The average cost of a furnished apartment decreased slightly to $1,957 from November’s $1,962.

December 2019 Vancouver Rent Report - Furnished vs Unfurnished Average Rent

Neighbourhood Breakdown

To assist you in your rental decision, here is a breakdown of rental averages across other Greater Vancouver neighbourhoods. Comparing 1, 2, and 3 bedroom rates for both unfurnished and furnished listings across each neighbourhood.

Surrey continues to have the lowest average rent in the Vancouver area for a 1 bedroom, unfurnished unit at $1,390, up slightly from November’s average of $1,352 compared to Downtown Vancouver’s average of $2,187-  up from November’s $1,975.

December 2019 Vancouver Rent Report - Neighbourhood Breakdown of Unfurnished Rentals December 2019 Vancouver Rent Report - Neighbourhood Breakdown of Furnished Rentals

Most Expensive Cities in Canada

The cost of living in Vancouver remains high as compared to every other Canadian city, second only to Toronto.

December 2019 Vancouver Rent Report - Most Expensive Cities In Canada

Here is the full report, available for download and easy sharing:

December 2019 Vancouver Rent Prices

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.

If, however, prices and space requirements push you further away from the downtown core, consider buying an electric vehicle this year. Thousands of dollars in rebates could be yours in 2019 if you make the switch, considerably reducing the cost of commuting. Check out our post outlining all of the benefits and incentives of a 2019 e-vehicle purchase.

Be sure to subscribe to our mailing list for all future updates on the Vancouver rental market!


For more rental stats, read our previous post November 2019 Vancouver Rent Report or compare rents with Toronto: December 2019 Toronto Rent Report

Or, this month, introducing Montreal: December 2019 Montreal Rent Report

Follow us on Instagram and Facebook for monthly rental stats in other major metropolitan cities.

You May Also Like

September 2020 Montreal Rent Report

September 2020 Toronto Rent Report

September 2020 Vancouver Rent Report

August 2020 Montreal Rent Report

1 thought on “December 2019 Vancouver Rent Report”

  1. Do you research rents by market segment? For example: low-income, median income, luxury? I’m specifically looking for those kinds of stats for Vancouver and other municipalities across Metro Van. Thanks.

Leave a Reply

Your email address will not be published. Required fields are marked *