{"id":36479,"date":"2022-08-03T14:00:28","date_gmt":"2022-08-03T21:00:28","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=36479"},"modified":"2023-07-25T10:28:49","modified_gmt":"2023-07-25T17:28:49","slug":"august-2022-metro-vancouver-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/","title":{"rendered":"August 2022 Metro Vancouver Rent Report"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div style=\"border: 1px solid black; text-align: left; margin: 20px 0;padding-top:15px;\">\n\n<ul><li><strong>\nAverage rent prices for unfurnished, one-bedroom units across Metro Vancouver have increased greatly since July, up $147 from our previous report. <\/strong>\n\n<\/li><li><strong>West Vancouver is now the most expensive municipality in Canada to rent an unfurnished, one-bedroom unit. \n<\/strong>\n\n<\/li><li><strong>\nRent prices in Richmond have soared +24.10% this August, making it the third-most expensive city in Canada for one-bedroom, unfurnished units.\n<\/strong> <\/li><\/ul>\n<\/div>\n\n\n\n<p>Average rent prices across Metro Vancouver have unsurprisingly skyrocketed this August as students begin to return for the fall semester and <a rel=\"noreferrer noopener\" aria-label=\"interest rates rise (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2022\/07\/interest-rates-and-rental-properties\/\" target=\"_blank\">interest rates rise<\/a> across the country. Following last month&#8217;s brief cool-off, Metro Vancouver&#8217;s rental rates have resumed their upward trend with significant price increases in the majority of the region&#8217;s municipalities.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>You can get the latest updates on the Vancouver rental market straight to your inbox when you <a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">subscribe<\/a> to keep on top of the latest rent trends.<\/em><\/strong><\/p>\n\n\n\n<p>Let&#8217;s take a look now at the current rental costs and overarching trends in <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> for August 2022. Don&#8217;t forget, you can download the entire report as a one-page infographic PDF below.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Jump to the following Vancouver Rent Report sections: <\/em><\/strong><\/p>\n\n\n\n<div style=\"border: 1px solid black; text-align: center; margin: 20px 0;\">\n\n<p style=\"text-align: center;\"><a href=\"#average-rent\">Average rent<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#month-to-month\">Month-to-month rent change<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#income-to-rent\">Income to rent ratio<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#square-foot\">Rent per square foot<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#renter-demographics\">Renter demographics<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#Pet-Friendly\">Pet-friendly rentals<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#unfurnished-furnished\">Unfurnished vs. furnished averages<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#city-breakdown\">City breakdown<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#neighbourhood-breakdown\">Neighbourhood breakdown<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#Most-Expensive-Cities-in-Canada\">Average rent in Canada<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#Downloadable-Resources\">Downloadable resources<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#methodology\">Data collection methodology<\/a><\/p><\/div>\n\n\n\n<style>\n  \n.background-downloadable-report-van-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-van-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-van-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-van-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n\n<div class=\"background-downloadable-report-van-monthly-rent-report cta-block-downloadable-report-van-monthly-rent-report\">\n<h3><strong>Download The Latest Vancouver Rent Report<\/strong><\/h3>\n\n<p>For the complete Vancouver rent report including new neighbourhood breakdowns, download here.<\/p>\n\n<button id=\"downloadable-report-van-monthly-rent-report\" class=\"button-downloadable-report-van-monthly-rent-report\">Download Report<\/button>\n<\/div>\n\n\n\n<br><h2 id=\"average-rent\">Average rent across Metro Vancouver<\/h2>\n\n\n\n<p>Following a slight dip in July, Metro Vancouver&#8217;s rent prices are heating up again with a huge $147 increase in average rent since last month. Soaring all the way from $2,029 in July to a sky-high $2,176 this August, Vancouver&#8217;s rental market looks to continue its ascent as both landlords and renters adjust to increased competition and the reality of Canada&#8217;s latest interest rate announcements. <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> itself saw only mild price increases, but plenty of areas experienced more notable changes this August. We&#8217;ll cover these changes and potential catalysts as we dive deeper into this month&#8217;s data, statistics and trends throughout this report.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3-1024x717.png\" alt=\"rental trends for unfurnished one bedroom units in Metro Vancouver part of the August 2022 Vancouver rent report\" class=\"wp-image-36503\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3-1024x717.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3-300x210.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3-768x538.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-3.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<br><h2 id=\"month-to-month\">Month-to-month rent change<\/h2>\n\n\n\n<p>August brings with it some seismic shifts in B.C.&#8217;s rental landscape, with prices primarily increasing in Metro Vancouver&#8217;s many communities, aside from a few outliers.<\/p>\n\n\n\n<p>Looking more closely at unfurnished units, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a> (+24.10%), <a rel=\"noreferrer noopener\" aria-label=\"New Westminster (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/new-westminster\" target=\"_blank\">New Westminster<\/a> (+12.70%), and <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/west-vancouver\" target=\"_blank\">West Vancouver<\/a> (+11.06%) experienced the most significant price increases this month. Decreases were scant, aside from <a rel=\"noreferrer noopener\" aria-label=\"North Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/north-vancouver\" target=\"_blank\">North Vancouver<\/a>, where unfurnished, one-bedroom units dropped in price by -3.77%. In <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> itself, prices rose slightly by 2.80%. <\/p>\n\n\n\n<p>Furnished units were more of a mixed bag this month, as we&#8217;ve become accustomed to seeing. Average prices plummeted in both <a aria-label=\"North Vancouver (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/north-vancouver\" target=\"_blank\">North Vancouver<\/a> (-15.93%) and <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/west-vancouver\" target=\"_blank\">West Vancouver<\/a> (-22.51%) after those municipalities peaked in recent months. Price increases were more moderate for furnished units, with the most notable increases coming from <a rel=\"noreferrer noopener\" aria-label=\"Langley (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/langley\" target=\"_blank\">Langley<\/a> (+8.00%), <a rel=\"noreferrer noopener\" aria-label=\"New Westminster (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/new-westminster\" target=\"_blank\">New Westminster<\/a> (+7.10%), and <a href=\"https:\/\/liv.rent\/rental-listings\/city\/coquitlam\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Coquitlam (opens in a new tab)\">Coquitlam<\/a> (+6.31%). <\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"805\" height=\"1024\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-11-805x1024.png\" alt=\"percentage change in rental prices across metro vancouver via the August 2022 liv rent report\" class=\"wp-image-36494\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-11-805x1024.png 805w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-11-236x300.png 236w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-11-768x977.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-11.png 1200w\" sizes=\"(max-width: 805px) 100vw, 805px\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 20px 0%; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/07\/liv-rent-user-guide-for-renters\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Ultimate Renter\u2019s Guide To Using liv.rent\n<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"income-to-rent\">Income-to-rent ratio<\/h2>\n\n\n\n<p>We gather data on renters&#8217; income-to-rent ratio every month, and our most recent data shows that <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www2.gov.bc.ca\/gov\/content\/housing-tenancy\/residential-tenancies\" target=\"_blank\">renters in Vancouver<\/a> who use liv.rent are paying, on average, 33.90% of their income towards rent.<\/p>\n\n\n\n<p>While traditional financial advice would be to spend no more than 30% of your income on rent, this advice is perhaps not well suited to the realities of renting in cities like Vancouver \u2013 especially as prices continue their rapid climb.<\/p>\n\n\n\n<p>Still, landlords and property managers should look to see that a tenant can reasonably afford rent compared to how much money they make as part of their <a href=\"https:\/\/liv.rent\/blog\/2021\/10\/how-to-screen-tenants\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">tenant screening process<\/a>.  <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"473\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-7-1-1024x473.png\" alt=\"income to rent ratio for the Vancouver August 2022 liv rent report\" class=\"wp-image-36524\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-7-1-1024x473.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-7-1-300x139.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-7-1-768x355.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-7-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h2 id=\"square-foot\">Rent per square foot<\/h2>\n\n\n\n<p>Where&#8217;s the <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2020\/10\/cheapest-neighbourhoods-for-rent-in-metro-vancouver\/\" target=\"_blank\">cheapest place to rent in Metro Vancouver<\/a> by how much space you get? This August, the least expensive cities for square footage are <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/surrey\" target=\"_blank\">Surrey<\/a>, <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a>, and <a aria-label=\"Coquitlam (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/coquitlam\" target=\"_blank\">Coquitlam<\/a> while the most expensive this month is <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> itself, with <a href=\"https:\/\/liv.rent\/rental-listings\/city\/burnaby\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Burnaby (opens in a new tab)\">Burnaby<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/new-westminster\" target=\"_blank\">New Westminster<\/a>, and <a aria-label=\"North Vancouver (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/north-vancouver\" target=\"_blank\">North Vancouver<\/a> not far behind.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"717\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4-1024x717.png\" alt=\"average rent across metro vancouver for the August 2022 liv rent report\" class=\"wp-image-36502\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4-1024x717.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4-300x210.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4-768x538.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-4.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin: 0;\"><b>Read More:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2021\/11\/how-much-to-charge-for-rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">Landlord Guide: How Much Should I Charge For Rent?\n\n\n\n<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"renter-demographics\">Renter demographics<\/h2>\n\n\n\n<p>Our liv.rent, renter demographics have seen a significant shift in recent months, with more and more renters from different age groups now using the platform. We&#8217;re now seeing a much more even spread, particularly with the recent influx of renters aged 35+. With that being said, the majority of renters that make up our community are between the ages of 25-34.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"487\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-10-1024x487.png\" alt=\"renter demographics on the liv rent platform part of the August 2022 Vancouver rent report\" class=\"wp-image-36495\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-10-1024x487.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-10-300x143.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-10-768x365.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-10.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h2 id=\"Pet-Friendly\">Pet-friendly rentals<\/h2>\n\n\n\n<p>We&#8217;re proud to say that liv.rent continues to be the rental platform with the most <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver?page=1&amp;pet_policy=ALLOWED\" target=\"_blank\">pet-friendly rentals<\/a>. This August, other rental platforms had just 27.00% of units available that were pet-friendly while on liv.rent, 56.00% of listed units were pet-friendly.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"454\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-6-1024x454.png\" alt=\"pet friendly rentals vs other platforms via the liv rent report for August 2022\" class=\"wp-image-36499\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-6-1024x454.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-6-300x133.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-6-768x340.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-6.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"border: 2px solid lightcoral; text-align: center; margin: 30px 0; padding: 20px; color: #BD8D7C;\">\n<p style=\"font-size: 16px;margin: 0;\"><b>&gt;&gt; Recommended Reading:<\/b> <a href=\"https:\/\/liv.rent\/blog\/2019\/07\/top-pet-friendly-neighbourhoods-in-vancouver\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Top 8 Pet Friendly Neighbourhoods in Metro Vancouver<\/a><\/p>\n<\/div>\n\n\n\n<style type=\"text\/css\" style=\"display: none;\">\n  .featured-listings-wrapper {\n    margin: 40px auto;\n    padding: 30px 0;\n    border-top: 1px solid #e1e1e1;\n    border-bottom: 1px solid #e1e1e1;\n    max-width: 1094px;\n  }\n\n  .featured-listings-title {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    font-size: 24px;\n    font-weight: 600;\n    letter-spacing: -0.58px;\n    line-height: 22px;\n    margin: 0 0 25px;\n  }\n\n  #featured-listings-root {\n    display: grid;\n    grid-template-columns: repeat(auto-fill, 245px);\n    grid-template-rows: repeat(1, 1fr);\n    grid-auto-rows: 0;\n    overflow-y: hidden;\n    grid-gap: 0 15px;\n    justify-content: center;\n    align-content: start;\n  }\n\n  .block-listing-card-wrapper {\n    width: 245px;\n    height: 175px;\n    cursor: pointer;\n    position: relative;\n    text-decoration: none;\n    display: flex;\n    align-items: flex-end;\n    overflow: hidden;\n    justify-self: center;\n    text-decoration: none !important;\n  }\n\n  .block-listing-card-body {\n    display: flex;\n    padding: 10px;\n    width: 100%;\n    background: linear-gradient(\n      180deg,\n      rgba(0, 0, 0, 0) 0%,\n      rgba(4, 4, 4, 0.8) 100%\n    );\n  }\n\n  .block-listing-card-detail-column {\n    display: flex;\n    flex: 1.2;\n    flex-direction: column;\n    white-space: nowrap;\n    overflow: hidden;\n    text-overflow: ellipsis;\n  }\n\n  .block-listing-card-pre-price-text {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    text-shadow: rgba(0, 0, 0, 0.8) 0px 0px 3px;\n    font-size: 11px;\n    color: #fff !important;\n    margin: 0;\n  }\n\n  .block-listing-card-price-text {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    text-shadow: rgba(0, 0, 0, 0.8) 0px 0px 3px;\n    font-size: 12px;\n    color: #fff !important;\n    margin: 0;\n    line-height: 18px;\n  }\n\n  .block-listing-card-price-text strong {\n    font-size: 18px;\n    font-weight: 600;\n  }\n\n  .block-listing-card-price-text-mobile {\n    display: none;\n  }\n\n  .block-listing-card-address-text {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    text-shadow: rgba(0, 0, 0, 0.8) 0px 0px 3px;\n    font-size: 12px;\n    color: #fff !important;\n    line-height: 15px;\n    margin: 0;\n    text-overflow: ellipsis;\n    overflow: hidden;\n    white-space: nowrap;\n  }\n\n  .block-listing-card-detail-row {\n    display: none;\n  }\n\n  .block-listing-card-detail-text {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    text-shadow: rgba(0, 0, 0, 0.8) 0px 0px 3px;\n    font-size: 16px;\n    color: #fff !important;\n    line-height: 18px;\n    margin: 0;\n  }\n\n  .block-listing-card-detail-text:last-child {\n    margin-left: 10px;\n    padding-left: 10px;\n    border-left: 1px solid #fff;\n  }\n\n  div.ribbon-wrapper {\n    width: 100px;\n    height: 24px;\n    display: flex;\n    align-items: center;\n    position: absolute;\n    z-index: 10;\n    top: 10px;\n    left: -15px;\n    padding-left: 22px;\n  }\n\n  div.ribbon-wrapper > p {\n    font-family: \"Open Sans\", Arial, sans-serif;\n    font-size: 14px;\n    color: #fff !important;\n    margin: 0;\n  }\n\n  .featured-listings-block-link {\n    display: block;\n    font-size: 14px;\n    color: #3e5b77;\n    text-align: center;\n    margin-top: 10px;\n  }\n\n  @media only screen and (max-width: 991px) {\n    #featured-listings-root {\n      grid-template-columns: 1fr 1fr;\n      grid-template-rows: 1fr 1fr;\n      grid-gap: 15px;\n    }\n\n    .featured-listings-wrapper {\n      padding: 30px 0 25px;\n    }\n\n    .block-listing-card-wrapper {\n      width: 100%;\n      height: 130px;\n      max-width: 350px;\n      background-size: cover;\n    }\n\n    .block-listing-card-body {\n      padding: 4px;\n    }\n\n    .block-listing-card-detail-column {\n      flex: unset;\n    }\n\n    .block-listing-card-detail-row {\n      display: flex;\n      flex: 1;\n    }\n\n    .block-listing-card-pre-price-text {\n      display: none;\n    }\n\n    .block-listing-card-price-text {\n      display: none;\n    }\n\n    .block-listing-card-price-text-mobile {\n      display: block;\n      font-family: \"Open Sans\", Arial, sans-serif;\n      text-shadow: rgba(0, 0, 0, 0.8) 0px 0px 3px;\n      font-size: 12px;\n      color: #fff !important;\n      margin: 0;\n      line-height: 18px;\n    }\n\n    .block-listing-card-detail-text {\n      font-size: 12px;\n      line-height: 18px;\n      margin-left: 5px;\n      padding-left: 5px;\n      border-left: 1px solid #fff;\n    }\n\n    .block-listing-card-detail-text:last-child {\n      margin-left: 5px;\n      padding-left: 5px;\n    }\n\n    .block-listing-card-address-text {\n      display: none;\n    }\n\n    div.ribbon-wrapper {\n      display: none;\n    }\n  }\n\n  @media only screen and (max-width: 364px) {\n    .block-listing-card-detail-text:last-child {\n      display: none;\n    }\n  }\n<\/style>\n\n<script type=\"text\/javascript\">\n  document.addEventListener(\n    \"DOMContentLoaded\",\n    function () {\n      const query = `query list($input: ListSearchInput!) {\n        listSearch {\n          featured(input: $input) {\n            street_name\n            building_type\n            full_street_name\n            city\n            state\n            bathrooms\n            bedrooms\n            gr_min_price\n            gr_unit\n            hide_unit_number\n            cover_photo_aws_s3_key\n            listing_id\n            price\n            price_frequency\n            is_hidden\n            state_machine\n            landlords {\n              identity_verified_state\n            }\n          } \n        } \n      }`;\n      const variables = {\n        input: {\n          featured: 4,\n          page: 1,\n          page_size: 12,\n          housing_type: null,\n          bedroom_count: null,\n          furnished: null,\n          cities: [\"Richmond\", \"Burnaby\", \"Surrey\", \"North Vancouver\"],\n        },\n      };\n      const url = \"https:\/\/nemesis-prod.liv.rent\/graphql\";\n      const options = {\n        method: \"POST\",\n        headers: { \"Content-Type\": \"application\/json\" },\n        body: JSON.stringify({ query, variables }),\n      };\n      const FREQUENCY = {\n        daily: \"Day\",\n        weekly: \"Week\",\n        monthly: \"Month\",\n        one_time: \"Single payment\",\n      };\n      const FREQUENCY_MOBILE = {\n        daily: \"\/d\",\n        weekly: \"\/w\",\n        monthly: \"\/m\",\n        one_time: \"\",\n      };\n      fetch(url, options)\n        .then((res) => res.json())\n        .then((data) => {\n          const featured = data.data.listSearch.featured;\n          \/\/ const root = document.querySelector(\"div.related-post\");\n          \/\/ const root = document.querySelector(\"div.entry-content\");\n          const root = document.querySelector(\"#featured-block-root\");\n          let html = [];\n\n          featured.map((listing) => {\n            const isGroup = listing.gr_unit;\n\n            const ribbon = document.createElement(\"div\");\n            const ribbonText = document.createElement(\"p\");\n            ribbonText.innerHTML = \"Featured\";\n            ribbon.className = \"ribbon-wrapper\";\n            ribbon.style.background =\n              \"url('https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/03\/ribbon.png') center no-repeat\";\n            ribbon.appendChild(ribbonText);\n\n            const prePriceText = isGroup\n              ? '<p class=\"block-listing-card-pre-price-text\">Starting at...<\/p>'\n              : \"\";\n            const price = isGroup\n              ? parseFloat(listing.gr_min_price)\n              : parseFloat(listing.price);\n            const priceFrequency = FREQUENCY[listing.price_frequency];\n            const mobilePriceFrequency =\n              FREQUENCY_MOBILE[listing.price_frequency];\n            const priceText =\n              '<p class=\"block-listing-card-price-text\"><strong>$' +\n              price +\n              \"<\/strong> \/ \" +\n              priceFrequency +\n              \"<\/p>\";\n            const mobilePriceText =\n              '<p class=\"block-listing-card-price-text-mobile\">$' +\n              price +\n              mobilePriceFrequency +\n              \"<\/p>\";\n            const address = listing.hide_unit_number\n              ? listing.street_name\n              : listing.full_street_name;\n            const addressText =\n              '<p class=\"block-listing-card-address-text\">' +\n              address +\n              \", \" +\n              listing.city +\n              \"<\/p>\";\n            const bedroomText =\n              '<p class=\"block-listing-card-detail-text\">' +\n              (listing.bedrooms > 0\n                ? parseFloat(listing.bedrooms) + \" Bed\"\n                : \"Studio\") +\n              \"<\/p>\";\n            const bathroomText =\n              '<p class=\"block-listing-card-detail-text\">' +\n              parseFloat(listing.bathrooms) +\n              \" Bath\" +\n              \"<\/p>\";\n\n            const cardBody =\n              '<div class=\"block-listing-card-body\"><div class=\"block-listing-card-detail-column\">' +\n              prePriceText +\n              priceText +\n              mobilePriceText +\n              addressText +\n              '<\/div><div class=\"block-listing-card-detail-row\">' +\n              bedroomText +\n              bathroomText +\n              \"<\/div><\/div><\/div>\";\n\n            const cardWrapper = document.createElement(\"a\");\n            cardWrapper.className = \"block-listing-card-wrapper\";\n            cardWrapper.setAttribute(\n              \"id\",\n              \"blog-featured-card-\" + listing.listing_id\n            );\n            cardWrapper.innerHTML = cardBody;\n            cardWrapper.setAttribute(\n              \"href\",\n              \"https:\/\/liv.rent\/rental-listings\/\" + listing.listing_id\n            );\n            const baseImageUrl = \"https:\/\/cdn.liv.rent\/350x262\/\";\n            const imageUrl = listing.cover_photo_aws_s3_key;\n            cardWrapper.style.background =\n              \"url(\" +\n              baseImageUrl +\n              imageUrl +\n              \") center center \/ cover no-repeat\";\n            cardWrapper.appendChild(ribbon);\n\n            return html.push(cardWrapper);\n          });\n\n          const listingsRoot = document.createElement(\"div\");\n          listingsRoot.setAttribute(\"id\", \"featured-listings-root\");\n          html.forEach((card) => {\n            listingsRoot.appendChild(card);\n          });\n\n          const titleText = document.createElement(\"h2\");\n          titleText.className = \"featured-listings-title\";\n          titleText.innerHTML = \"Featured Listings for Rent\";\n\n          const linkText = document.createElement(\"a\");\n          linkText.className = \"featured-listings-block-link\";\n          linkText.innerHTML = \"View all listings on liv.rent\";\n          linkText.setAttribute(\"href\", \"https:\/\/liv.rent\/rental-listings\/map\");\n\n          const innerWrapper = document.createElement(\"div\");\n          innerWrapper.className = \"featured-listings-grid-wrapper\";\n          innerWrapper.appendChild(listingsRoot);\n\n          const outterWrapper = document.createElement(\"div\");\n          outterWrapper.className = \"featured-listings-wrapper\";\n          outterWrapper.appendChild(titleText);\n          outterWrapper.appendChild(listingsRoot);\n          outterWrapper.appendChild(linkText);\n\n          \/\/ Insert Into\n          root.appendChild(outterWrapper);\n\n          \/\/ Insert Before\n          \/\/ root.parentNode.insertBefore(outterWrapper, root);\n\n          \/\/ Insert After\n          \/\/ root.parentNode.insertBefore(outterWrapper, root.nextSibling);\n        })\n        .catch(function (err) {\n          console.warn(\"Something went wrong.\", err);\n        });\n    },\n    false\n  );\n<\/script>\n\n<!-- Root div if not using existing or dynamic element as root -->\n<div id=\"featured-block-root\"><\/div>\n\n\n\n<br><h2 id=\"unfurnished-furnished\">Average unfurnished vs. furnished rates<\/h2>\n\n\n\n<p>The gap in price between furnished and unfurnished rentals has closed significantly this August. As of this month, furnished one-bedroom units are, on average, just $96 more expensive than unfurnished units. This indicates that landlords who choose to rent their units furnished will be able to make slightly greater profits provided they have their own furniture to supply \u2014 especially as students return to school. Furnished units also lend themselves well to <a href=\"https:\/\/liv.rent\/blog\/2022\/05\/short-term-vs-long-term-rentals-which-are-right-for-you\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"short-term rentals (opens in a new tab)\">short-term rentals<\/a>, which are highly in demand right now. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"657\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-2-1024x657.png\" alt=\"average rent for furnished vs unfurnished units via the August 2022 liv rent report\" class=\"wp-image-36504\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-2-1024x657.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-2-300x193.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-2-768x493.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-2.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-free-rent-estimate {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-free-rent-estimate {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-free-rent-estimate{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n<\/style>\n\n<div class=\"background-landlord-cta-free-rent-estimate cta-block-landlord-cta-free-rent-estimate\">\n<h3><strong>Is your rental priced competitively?<\/strong><\/h3>\n\n<p>Find out with a <em>free<\/em> rent estimate. Our team of rental experts will calculate your unit&#8217;s true value based on your listing details &amp; current market trends.<\/p>\n\n<a href=\"https:\/\/landlords.liv.rent\/rentestimate\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-free-rent-estimate\" class=\"button-landlord-cta-free-rent-estimate\">Get Your Free Estimate<\/button><\/a>\n<\/div>\n<br>\n\n\n\n<br><h2 id=\"city-breakdown\">City&nbsp;breakdown&nbsp;<\/h2>\n\n\n\n<p>Metro Vancouver&#8217;s rental averages vary greatly across the region, so we&#8217;ve broken up our data by municipality\/city to compare the cost of one-, two-, and three-bedroom rates for both furnished and unfurnished units in different areas.<\/p>\n\n\n\n<ul>\n<li><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/west-vancouver\" target=\"_blank\">West Vancouver<\/a> has become Metro Vancouver&#8217;s most expensive municipality for renting unfurnished, one-bedroom units this month. <\/li>\n\n\n\n<li>For the second month in a row, <a rel=\"noreferrer noopener\" aria-label=\"Langley (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/Langley\" target=\"_blank\">Langley<\/a> is the cheapest place to rent both furnished and unfurnished one-bedroom units, at $1,728 and $1,716, respectively. <\/li>\n\n\n\n<li>Furnished units are the most expensive in <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> itself, for both one-, two-, and three-bedroom units this August.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"722\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9-1024x722.png\" alt=\"average rent by listing type for unfurnished listings in Vancouver via the August 2022 liv rent report\" class=\"wp-image-36496\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9-1024x722.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9-300x212.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9-768x541.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-9.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"722\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8-1024x722.png\" alt=\"average rent by listing type for furnished listings in Vancouver via the August 2022 liv rent report\" class=\"wp-image-36497\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8-1024x722.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8-300x212.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8-768x541.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-8.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br>\n<style>\n.background-landlord-cta-landlord-dashboard {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-landlord-cta-landlord-dashboard p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-landlord-cta-landlord-dashboard {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-landlord-cta-landlord-dashboard {\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n<div class=\"background-landlord-cta-landlord-dashboard cta-block-landlord-cta-landlord-dashboard\">\n<p><b>Gain comprehensive insights about your listings with the new liv.rent <a href=\"https:\/\/liv.rent\/blog\/livrent\/landlord-dashboard-digital-tools-for-landlords-property-managers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Landlord listing Dashboard<\/a>.<\/b> <a href=\"https:\/\/liv.rent\/app\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sign in<\/a> to unlock live insights &#8211; find out the average rent for a comparable property, number of views your listing received and more!<\/p>\n\n<a href=\"https:\/\/liv.rent\/blog\/livrent\/landlord-dashboard-digital-tools-for-landlords-property-managers\/\" target=\"_blank\" rel=\"noopener noreferrer\"><button id=\"button-landlord-cta-landlord-dashboard\" class=\"button-landlord-cta-landlord-dashboard\">Learn More<\/button><\/a>\n<\/div>\n\n\n\n<br><h2 id=\"neighbourhood-breakdown\">Neighbourhood breakdown<\/h2>\n\n\n\n<p>We&#8217;ve broken down Vancouver into its individual neighbourhoods for a more complete look at the city&#8217;s individual rental markets. For a further breakdown of neighbourhoods in municipalities and cities outside of Vancouver, be sure to <a href=\"#Downloadable-Resources\">download<\/a> our complete Rent Report.<\/p>\n\n\n\n<p>Let&#8217;s take a look now at some of the latest averages from Vancouver&#8217;s many unique neighbourhoods. For August, Mount Pleasant just barely edges out Downtown by $1 to become Vancouver&#8217;s most expensive neighbourhood for an unfurnished one-bedroom unit, at an average of $2,744 per month.<\/p>\n\n\n\n<p>You can take a look at our neighbourhood breakdown for unfurnished units in Vancouver <a href=\"#Downloadable-Resources\">here<\/a>. For the complete report, including furnished rentals for Vancouver neighbourhoods as well as full information for other cities in Metro Vancouver, be sure to download your copy below.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-1024x684.png\" alt=\"average rent by Vancouver neighbourhood via the August 2022 liv rent report\" class=\"wp-image-36493\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-1024x684.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-300x201.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-768x513.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-770x513.png 770w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-12.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h2 id=\"Most-Expensive-Cities-in-Canada\">Most expensive cities in Canada<\/h2>\n\n\n\n<p><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/west-vancouver\" target=\"_blank\">West Vancouver<\/a> has surpassed Vancouver to become Canada&#8217;s most expensive city to rent in terms of unfurnished one-bedroom units, with the average one-bedroom, unfurnished unit in the municipality going for $2,621. <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a> has also made it onto the list this month with a monthly average rent of $2,441, and <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/toronto\/\" target=\"_blank\">average rent in Toronto<\/a> has risen slightly again to $1,979 this month to make it Canada&#8217;s fourth-most expensive city this August.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"441\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3-1024x441.png\" alt=\"most expensive cities to rent in Canada via the August 2022 liv rent report\" class=\"wp-image-36525\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3-1024x441.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3-300x129.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3-768x331.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3-1164x500.png 1164w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-5-3.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Downloadable-Resources\">Downloadable resources<\/h2>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33578\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-1024x1024.png\" alt=\"\" class=\"wp-image-33578\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg-440x440.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Avg.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"1024\" data-id=\"33577\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-1024x1024.png\" alt=\"\" class=\"wp-image-33577\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-1024x1024.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-300x300.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-768x768.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-170x170.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-370x370.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend-440x440.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2021\/11\/2021-10-07_Zoom_IG_Vancouver-Trend.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Make Zoom calls fun and informative when you use the <a href=\"https:\/\/liv.rent\/blog\/category\/rent-reports\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">latest rental averages<\/a> and trends as your virtual background.<\/p>\n\n\n\n<style>\n.myDivDownload {\n  background-color: #FFF2E7;    \n  text-align: center;\n  padding: 30px 5px 30px 5px;\n  font-size: 18px;\n}\n<\/style>\n<div class=\"myDivDownload\">\n<p><strong>Free Virtual Backgrounds: <a href=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Zoom.zip\" target=\"_blank\" rel=\"noopener noreferrer\">Download Here<\/a><\/strong><\/p>\n<\/div>\n\n\n\n<style>\n  \n.background-downloadable-report-van-monthly-rent-report {\n  text-align: center;\n  color: #303030;\n  font-family: 'Inter', sans-serif;\n  font-size: 24px;\n}\n\n.cta-block-downloadable-report-van-monthly-rent-report p{\n  font-family: 'Inter', sans-serif;\n  color: #303030; \n  font-weight: 400;\n  text-align: center; \n  font-size: 16px;\n}\n\n.cta-block-downloadable-report-van-monthly-rent-report {\n  background-color: #F5F5F5;\n  border-radius: 16px;\n  padding: 30px;\n  text-align: center;\n  margin: 20px 0px;\n}\n.button-downloadable-report-van-monthly-rent-report{\n  margin-top: 20px;\n  padding: 12px 16px;\n  background: #1D415E;\n  border: 0px solid white;\n  box-shadow: 0px 6px 8px -2px rgba(29, 66, 94, 0.4), 0px 12px 16px rgba(32, 121, 193, 0.15);\n  border-radius: 6px;\n  cursor: pointer;\n  \n  font-family: 'Inter';\n  font-style: normal;\n  font-weight: 600;\n  font-size: 14px;\n  line-height: 16px;\n  text-align: center;\n  color: #FFFFFF;\n\n}\n  \n<\/style>\n\n\n<div class=\"background-downloadable-report-van-monthly-rent-report cta-block-downloadable-report-van-monthly-rent-report\">\n<h3><strong>Download The Latest Vancouver Rent Report<\/strong><\/h3>\n\n<p>For the complete Vancouver rent report including new neighbourhood breakdowns, download here.<\/p>\n\n<button id=\"downloadable-report-van-monthly-rent-report\" class=\"button-downloadable-report-van-monthly-rent-report\">Download Report<\/button>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Rental resources for B.C. renters<\/h2>\n\n\n\n<p>You can read these comprehensive guides for more information on renting in B.C. and using liv.rent to streamline your rental process.<\/p>\n\n\n\n<ul>\n<li><strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2019\/09\/residential-tenancy-agreement-explained\/\" target=\"_blank\">BC Residential Tenancy Agreement Explained<\/a><\/strong><\/li>\n\n\n\n<li><strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2020\/08\/2020-guide-to-bc-tenancy-forms\/\" target=\"_blank\">Guide to BC Tenancy Forms<\/a><\/strong><br><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"The Complete User Guide To liv.rent For Landlords &amp; Property Managers (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/06\/liv-rent-user-guide-landlords-and-property-managers\/\" target=\"_blank\"><strong>The Complete User Guide To liv.rent For Landlords &amp; Property Managers<\/strong><\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"The Ultimate Renter\u2019s Guide To Using liv.rent (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2021\/07\/liv-rent-user-guide-for-renters\/\" target=\"_blank\"><strong>The Ultimate Renter\u2019s Guide To Using liv.rent<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<br><h2 id=\"methodology\">Data collection methodology<\/h2>\n\n\n\n<font size= \"2\"><i>\n<p>Our monthly rent reports use data from our own liv.rent listings, as well as data our team manually collects from other popular listing sites &#8211; looking at available basement suites, apartments, condos, townhouses, semi-detached houses, and single-detached houses for each area.<\/p>\n\n<p>When collecting this data, we do exclude luxury properties listed at over $5,000, as well as rooms for rent and shared accommodation.  Investing in manual data collection means that we only consider the current month\u2019s listing, since we can filter out duplicate listings and older ads that haven\u2019t been removed. <\/p>\n\n<p>Another key difference between our data collection methods and some government agencies like the CMHC is that we only include current asking rent prices. Many official reports will include data for entire buildings in their reports, which tends to skew numbers lower since many units are already occupied, and may be rent-controlled or rented for significantly lower than the current rates. <\/p>\n\n<p>As we are a Canadian rental platform founded and based in Vancouver, we want to ensure that we\u2019re providing a completely accurate depiction of the rental market in the cities we look at. <\/p>\n<\/p><\/font><\/i>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<br>\n<style>\n.button-rethink-way-you-rent-monthly-report {\n  background-color: #7495AC;\n  border: 5px #26425C;\n  color: white;\n  padding: 10px 30px;\n  text-align: center;\n  text-decoration: none;\n  display: inline-block;\n  font-size: 15px;\n  margin: 5px 0px 20px 0px;\n}\n<\/style>\n<img decoding=\"async\" class=\"alignleft wp-image-23097\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2020\/08\/Digital-Contracts-Cropped-2.gif\" alt=\"Find apartments &amp; houses for rent with the liv.rent app\" width=\"196\" height=\"370\" style=\"float:left;\">\n\n<h2 style=\"color: #3E5B77;\">Rethink The Way You Rent<\/h2>\n\n<p>Not on <strong><a href=\"https:\/\/liv.rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">liv.rent<\/a><\/strong> yet? Experience the ease of digital applications &amp; contracts, verified tenants &amp; landlords, virtual tours and more \u2013 all on one platform. <strong><a href=\"https:\/\/liv.rent\/pricing\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up for free<\/a><\/strong> or <strong><a href=\"https:\/\/www.liv.rent\/download\" target=\"_blank\" rel=\"noopener noreferrer\">download the app<\/a><\/strong>.<\/p>\n\n<a href=\"https:\/\/liv.rent\/features\" target=\"_blank\" rel=\"noopener noreferrer\"><button class=\"button-rethink-way-you-rent-monthly-report\">Learn More<\/button><\/a>\n\n<p style=\"color: #3E5B77\"><strong><a href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\" rel=\"noopener noreferrer\">Subscribe<\/a><\/strong> to receive these monthly updates on the Vancouver rental market. Discover last month&#8217;s Rent Reports below:<\/p><p>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/06\/july-2022-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">July 2022 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/06\/july-2022-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">July 2022 Toronto Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/2022\/06\/july-2022-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">July 2022 Montreal Rent Report<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average rent prices for unfurnished, one-bedroom units across Metro Vancouver have increased greatly since July, up $147 from our previous report. West Vancouver is now the most expensive municipality in Canada to rent an unfurnished, one-bedroom unit. Rent prices in Richmond have soared +24.10% this August, making it the third-most expensive city in Canada for [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":36505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false},"categories":[292,133],"tags":[399,349],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>August 2022 Metro Vancouver Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"Rent prices have skyrocketed across Metro Vancouver this month. Our August 2022 Metro Vancouver Rent Report has the latest statistics, trends, and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"August 2022 Metro Vancouver Rent Report | liv.rent blog\" \/>\n<meta property=\"og:description\" content=\"Rent prices have skyrocketed across Metro Vancouver this month. Our August 2022 Metro Vancouver Rent Report has the latest statistics, trends, and more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\" \/>\n<meta property=\"og:site_name\" content=\"liv.rent blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/liv.rent\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-03T21:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-25T17:28:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2022\/08\/RentReport_Vancouver_Aug_2022_EN_Blog-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Greg Park\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@liv_rent\" \/>\n<meta name=\"twitter:site\" content=\"@liv_rent\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greg Park\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\"},\"author\":{\"name\":\"Greg Park\",\"@id\":\"https:\/\/liv.rent\/blog\/#\/schema\/person\/06d5a70e14d7c8724842f55ecb819a06\"},\"headline\":\"August 2022 Metro Vancouver Rent Report\",\"datePublished\":\"2022-08-03T21:00:28+00:00\",\"dateModified\":\"2023-07-25T17:28:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\"},\"wordCount\":1469,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/liv.rent\/blog\/#organization\"},\"keywords\":[\"Rent Report\",\"Vancouver\"],\"articleSection\":[\"Rent Reports\",\"Vancouver\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\",\"url\":\"https:\/\/liv.rent\/blog\/rent-reports\/august-2022-metro-vancouver-rent-report\/\",\"name\":\"August 2022 Metro Vancouver Rent Report | liv.rent blog\",\"isPartOf\":{\"@id\":\"https:\/\/liv.rent\/blog\/#website\"},\"datePublished\":\"2022-08-03T21:00:28+00:00\",\"dateModified\":\"2023-07-25T17:28:49+00:00\",\"description\":\"Rent prices have skyrocketed across Metro Vancouver this month. 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