{"id":38049,"date":"2023-01-05T09:00:28","date_gmt":"2023-01-05T17:00:28","guid":{"rendered":"https:\/\/liv.rent\/blog\/?p=38049"},"modified":"2023-07-20T13:14:28","modified_gmt":"2023-07-20T20:14:28","slug":"january-2023-metro-vancouver-rent-report","status":"publish","type":"post","link":"https:\/\/liv.rent\/blog\/rent-reports\/january-2023-metro-vancouver-rent-report\/","title":{"rendered":"January 2023 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<h3 style=\"margin-left: 40px\"><strong>At a glance<\/strong><\/h3>\n\n<ul><li><strong>\nThe average monthly rent price for a one-bedroom, unfurnished unit in Metro Vancouver has risen by $30, to $2,257.<\/strong>\n\n<\/li><li><strong>Since January 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $430.<\/strong>\n\n<\/li><li><strong>\nAll of Canada&#8217;s top-five most expensive cities are located in B.C., with West Vancouver taking the top spot this January.\n<\/strong> <\/li><\/ul>\n<\/div>\n\n\n\n<p><strong><em>Looking for our full January 2023 Metro Vancouver Rent Report? Download your copy <a href=\"#downloadable-resources\">here<\/a> to get all the latest insights, including a detailed breakdown by neighbourhood.<\/em><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>To begin the year, Metro Vancouver&#8217;s average region-wide rent prices have increased slightly following a notable dip in December. Heading into the new year, the Bank of Canada\u2019s <a href=\"https:\/\/liv.rent\/blog\/2022\/07\/interest-rates-and-rental-properties\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"interest rate increases (opens in a new tab)\">interest rate increases<\/a> are expected to slow, meaning Canada\u2019s sky-high rent prices may gradually fall back down to earth throughout the coming year.<\/p>\n\n\n\n<p class=\"has-text-align-center\"> <strong><em>We&#8217;ll soon be releasing our 2023 Canada-wide Report with even more rental data and statistics. For access to this and other updates on the Vancouver rental market, be sure to <a rel=\"noreferrer noopener\" href=\"https:\/\/315027fd.sibforms.com\/serve\/MUIEALxBmw-zX8J7nIDbE8Y0GsbO2XD2wyS5o8IJ7wVaedytZTfE-Ysnf2unVSDuBMQ_DiIreTYMftk3u84zjN-NZ459-r4fafSVJmvHqufcCZsHOdl9YPdQlyNO_8e-aEyO3JswcwrjPcNt9Ll22P85SQ6zAIiqlLhL9S2Es9edJgfjg0307yN6DptRbjGnHobRqNlUNRLczWrl\" target=\"_blank\">subscribe<\/a> to our newsletter.<\/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 January 2023. 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=\"#square-foot\">Rent per square foot<\/a><\/p>\n\n<p style=\"text-align: center;\"><a href=\"#active-listings\">Active listing data<\/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=\"#other-data\">Other rental data<\/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>Coming off of a relatively large $90 aggregate decline in December, Metro Vancouver&#8217;s region-wide rent prices have rebounded to start 2023. For January 2023, the average monthly rent for a one-bedroom, unfurnished unit has increased by $30 \u2013 bringing the average to $2,257. Since January 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $430.<\/p>\n\n\n\n<p>The Bank of Canada&#8217;s <a href=\"https:\/\/liv.rent\/blog\/2022\/07\/interest-rates-and-rental-properties\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"interest rate increases (opens in a new tab)\">interest rate increases<\/a> are expected to slow heading into the new year, which may see Canada&#8217;s sky-high rent prices fall back down to earth throughout the coming year.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"718\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-3-1024x718.png\" alt=\"rental trends for unfurnished one bedroom units in Metro Vancouver part of the January 2023 Vancouver rent report\" class=\"wp-image-38156\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-3-1024x718.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-3-300x210.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-3-768x538.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-3-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_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>Both furnished and unfurnished units were fairly volatile in terms of average rent this month, with a number of Metro Vancouver cities seeing large price fluctuations.<\/p>\n\n\n\n<p>Looking at unfurnished units, <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/west-vancouver\" target=\"_blank\">West Vancouver<\/a> (+24.20%) saw its average rent rebound after falling greatly last month, while <a rel=\"noreferrer noopener\" aria-label=\"Surrey (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/surrey\" target=\"_blank\">Surrey<\/a> (+7.91%), <a rel=\"noreferrer noopener\" aria-label=\"Richmond (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a> (-5.87%), and <a href=\"https:\/\/liv.rent\/rental-listings\/city\/new-westminster\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"New Westminster (opens in a new tab)\">New Westminster<\/a> (-4.43%) also saw larger-than-usual changes. 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, the average rent for an unfurnished, one-bedroom unit fell by 4.76%.<\/p>\n\n\n\n<p>For furnished units, <a rel=\"noreferrer noopener\" aria-label=\"Langley (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/langley\" target=\"_blank\">Langley<\/a> (-17.80%), <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/new-westminster\" target=\"_blank\">New Westminster<\/a> (+10.82%), and <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> (+6.05%) saw the most significant month-to-month price changes. In <a aria-label=\"Vancouver (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a>, prices for a furnished, one-bedroom unit fell by 3.86% from month to month.<\/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\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-11-1-805x1024.png\" alt=\"percentage change in rental prices across metro vancouver via the January 2023 liv rent report\" class=\"wp-image-38149\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-11-1-805x1024.png 805w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-11-1-236x300.png 236w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-11-1-768x977.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-11-1.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=\"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? For January 2023, the least expensive cities for square footage are <a rel=\"noreferrer noopener\" aria-label=\"Langley (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/langley\" target=\"_blank\">Langley<\/a>, <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/coquitlam\" target=\"_blank\">Coquitlam<\/a>,  <a rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/surrey\" target=\"_blank\">Surrey<\/a>, and <a rel=\"noreferrer noopener\" aria-label=\"Richmond (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a>, while the most expensive is once again <a rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a> \u2013 though <a rel=\"noreferrer noopener\" aria-label=\"Burnaby (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/burnaby\" target=\"_blank\">Burnaby<\/a> and <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> aren&#8217;t far behind. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"718\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-4-1024x718.png\" alt=\"average rent across metro vancouver for the January 2023 liv rent report\" class=\"wp-image-38139\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-4-1024x718.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-4-300x210.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-4-768x538.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-4-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_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<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"active-listings\">Active listing data<\/h2>\n\n\n\n<p>New for 2023, we&#8217;ll be looking at detailed statistics for currently active listings available on the market to see which property types and number of bedrooms are the most represented. For renters, these numbers show which types of units you&#8217;re most likely to encounter in the Metro Vancouver region, while for landlords, you can get assess how much competition you&#8217;ll face based on current supply.<\/p>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Active listings by property type<\/h3>\n\n\n\n<p>For January 2023, the most common rental property type by far was apartments, representing a whopping 81.91% of active listings on the market. Partial houses (e.g. basement suites) were the second-most rented unit type this month, at 9.17% of active listings currently available to rent.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"439\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-1024x439.png\" alt=\"\" class=\"wp-image-38159\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-1024x439.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-300x129.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-768x329.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-1170x500.png 1170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14-1164x500.png 1164w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-14.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h3 style=\"color: #fe5f55\">Active listings by number of bedrooms<\/h3>\n\n\n\n<p>In terms of the number of bedrooms, we saw a more even spread across active listings on the market this month. Two-bedroom units were the most common type of listing this month at 49.67%, though one-bedroom units still represented 35.52% of all active listings on the market.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"391\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-13-1-1024x391.png\" alt=\"\" class=\"wp-image-38147\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-13-1-1024x391.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-13-1-300x115.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-13-1-768x293.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-13-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\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  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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    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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>This January, furnished, one-bedroom units rented for considerably more on average than their unfurnished counterparts. As of this month, unfurnished one-bedroom units are, on average, $391 less expensive than furnished units \u2013 a much wider margin than what we&#8217;ve seen recently. This indicates that landlords who choose to rent their units furnished will be able to charge more for rent, likely as a result of increased demand for <a rel=\"noreferrer noopener\" aria-label=\"short-term rentals (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2022\/05\/short-term-vs-long-term-rentals-which-are-right-for-you\/\" target=\"_blank\">short-term rentals<\/a>. <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"658\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-2-1024x658.png\" alt=\"average rent for furnished vs unfurnished units via the January 2023 liv rent report\" class=\"wp-image-38157\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-2-1024x658.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-2-300x193.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-2-768x493.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_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>For one-, two-, and three-bedroom unfurnished units, <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> had the most expensive prices in the Metro Vancouver region this January.<\/li>\n\n\n\n<li>Furnished, three-bedroom units in <a href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Vancouver (opens in a new tab)\">Vancouver<\/a> rented for well over $6,000 per month \u2013 at an average of $6,411 this January.<\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" aria-label=\"Langley (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/langley\" target=\"_blank\">Langley<\/a> had the least expensive one-bedroom, furnished units this month with an average rent price of $2,000. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"723\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1-1024x723.png\" alt=\"average rent by listing type for unfurnished listings in Vancouver via the January 2023 liv rent report\" class=\"wp-image-38151\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1-1024x723.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1-300x212.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1-768x542.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-9-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"723\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1-1024x723.png\" alt=\"average rent by listing type for furnished listings in Vancouver via the January 2023 liv rent report\" class=\"wp-image-38152\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1-1024x723.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1-300x212.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1-768x542.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1-351x247.png 351w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-8-1.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. Downtown remains Vancouver&#8217;s most expensive neighbourhood this January at an average of $2,720 for an unfurnished, one-bedroom unit. The same type of unit rented for an average of $1,952 in Vancouver&#8217;s cheapest neighbourhood, Sunset-Victoria Fraserview.<\/p>\n\n\n\n<p>We&#8217;ve recently added two new neighbourhoods to our monthly reports that aren&#8217;t shown in the data below. To see data on these two neighbourhoods, statistics for furnished rentals, as well as full information for other cities in Metro Vancouver, be sure to download your copy of our full report <a href=\"#downloadable-resources\">here<\/a>.  <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"685\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-1024x685.png\" alt=\"average rent by Vancouver neighbourhood via the January 2023 liv rent report\" class=\"wp-image-38148\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-1024x685.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-225x150.png 225w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-300x201.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-768x514.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-345x230.png 345w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-370x247.png 370w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-440x294.png 440w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-570x380.png 570w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1-170x113.png 170w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-12-1.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>For the fifth consecutive month now, all of Canada&#8217;s most expensive cities are in Metro Vancouver. <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 beccome 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 $2,844. <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/north-vancouver\" target=\"_blank\">North Vancouver<\/a> is once again in the number two spot with a monthly average rent of $2,576, while <a aria-label=\"Vancouver (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/liv.rent\/rental-listings\/city\/vancouver\" target=\"_blank\">Vancouver<\/a>, <a rel=\"noreferrer noopener\" aria-label=\"Burnaby (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/burnaby\" target=\"_blank\">Burnaby<\/a> and <a rel=\"noreferrer noopener\" aria-label=\"Richmond (opens in a new tab)\" href=\"https:\/\/liv.rent\/rental-listings\/city\/richmond\" target=\"_blank\">Richmond<\/a> round out the top five.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"491\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-5-1024x491.png\" alt=\"most expensive cities to rent in Canada via the January 2023 liv rent report\" class=\"wp-image-38155\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-5-1024x491.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-5-300x144.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-5-768x368.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-5.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\/2020\/10\/cheapest-neighbourhoods-for-rent-in-metro-vancouver\/\" target=\"_blank\" rel=\"noopener noreferrer\">[Updated December 2022] The 12 Cheapest Neighbourhoods For Rent In Metro Vancouver<\/a><\/p>\n<\/div>\n\n\n\n<br><h2 id=\"other-data\">Other rental data<\/h2>\n\n\n\n<p>These insights are exclusive to our blog and are intended to give more context to each month&#8217;s rental data. Based on data sourced directly from liv.rent, these statistics provide a more comprehensive overview of the current rental situation in Canada.<\/p>\n\n\n\n<br><h3 style=\"color: #fe5f55\" id=\"income-to-rent\">Income-to-rent ratio<\/h3>\n\n\n\n<p>Each month, we gather data on renters&#8217; income-to-rent ratio 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, 37.04% of their income towards rent. This may be considerably above the recommended amount, but isn&#8217;t an anomaly given the past few months&#8217; numbers.<\/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 due to Canada&#8217;s <a rel=\"noreferrer noopener\" aria-label=\"rising interest rates (opens in a new tab)\" href=\"https:\/\/liv.rent\/blog\/2022\/07\/interest-rates-and-rental-properties\/\" target=\"_blank\">rising interest rates<\/a>. <\/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=\"474\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-7.1-1024x474.png\" alt=\"income to rent ratio in metro vancouver via the January 2023 liv rent report\" class=\"wp-image-38154\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-7.1-1024x474.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-7.1-300x139.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-7.1-768x355.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-7.1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h3 style=\"color: #fe5f55\" id=\"renter-demographics\">Renter demographics<\/h3>\n\n\n\n<p>On liv.rent, our renter demographics have seen a significant shift over the past year, 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+ as well as increased representation from the younger, under-25 demographic. 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 aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-10-1-1024x488.png\" alt=\"renter demographics on the liv rent platform part of the January 2023 Vancouver rent report\" class=\"wp-image-38150\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-10-1-1024x488.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-10-1-300x143.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-10-1-768x366.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_Jan_2023_EN_Blog-10-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<br><h3 style=\"color: #fe5f55\" id=\"pet-friendly\">Pet-friendly rentals<\/h3>\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 January, other rental platforms had just 26.00% of units available that were pet-friendly while on liv.rent, 38.00% of all listed units were pet-friendly.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1024\" height=\"455\" src=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_2023_Jan_EN_Blog-6-1024x455.png\" alt=\"pet friendly rentals vs other platforms via the liv rent report for January 2023\" class=\"wp-image-38171\" srcset=\"https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_2023_Jan_EN_Blog-6-1024x455.png 1024w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_2023_Jan_EN_Blog-6-300x133.png 300w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_2023_Jan_EN_Blog-6-768x341.png 768w, https:\/\/liv.rent\/blog\/wp-content\/uploads\/2023\/01\/RentReport_Vancouver_2023_Jan_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<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\/2023\/01\/RentReport_Vancouver_2023_Jan_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<br><h2 id=\"resources\">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><\/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 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\" rel=\"noreferrer noopener\"><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>\r\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>\r\n\r\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>\r\n\r\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>\r\n\r\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>\r\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=\"220\" height=\"410\" 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\/12\/december-2022-metro-vancouver-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Metro Vancouver Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-toronto-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Toronto Rent Report<\/a><br>\n\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-calgary-edmonton-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Calgary &amp; Edmonton Rent Report<\/a>\n\n<br>\n<a href=\"https:\/\/liv.rent\/blog\/2022\/12\/december-2022-montreal-rent-report\/\" target=\"_blank\" rel=\"noopener noreferrer\">December 2022 Montreal Rent Report<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At a glance The average monthly rent price for a one-bedroom, unfurnished unit in Metro Vancouver has risen by $30, to $2,257. Since January 2022, the average rent for an unfurnished, one-bedroom unit in Metro Vancouver has increased by $430. All of Canada&#8217;s top-five most expensive cities are located in B.C., with West Vancouver taking [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":38158,"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>January 2023 Metro Vancouver Rent Report | liv.rent blog<\/title>\n<meta name=\"description\" content=\"This monthly Rent Report from liv.rent has even more rental data and trends for Metro Vancouver in January 2023 including neighbourhood breakdowns and more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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