Looking for our full March 2023 Metro Vancouver Rent Report? Download your copy here<\/a> to get all the latest insights, including a detailed breakdown by neighbourhood.<\/em><\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Metro Vancouver’s average region-wide rent prices have fallen for the second time this year, by a not-insignificant margin this March. This comes as the Bank of Canada has suggested it may pause the country’s interest rate increases<\/a> so long as inflation continues to slow. Despite this, demand is still high in Canada’s major rental markets so it’s uncertain whether prices will continue to rise throughout 2023, or if they’ll gradually return to previous levels.<\/p>\n\n\n\n We’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 subscribe<\/a> to our newsletter.<\/em><\/strong> <\/p>\n\n\n\n Let’s take a look now at the current rental costs and overarching trends in Vancouver<\/a> for March 2023. Don’t forget, you can download the entire report as a one-page infographic PDF below.<\/p>\n\n\n\n Jump to the following Vancouver Rent Report sections: <\/em><\/strong><\/p>\n\n\n\n Average rent<\/a><\/p>\n\n Month-to-month rent change<\/a><\/p>\n\n Rent per square foot<\/a><\/p>\n\n Active listing data<\/a><\/p>\n\n Unfurnished vs. furnished averages<\/a><\/p>\n\n City breakdown<\/a><\/p>\n\n Neighbourhood breakdown<\/a><\/p>\n\n Average rent in Canada<\/a><\/p>\n\n Other rental data<\/a><\/p>\n\n