Looking for our full May 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 risen again this May, coinciding with the beginning of the busy summer renting season. Despite a recent halt to the Bank of Canada’s interest rate increases<\/a>, prices remain high across Canada this month. Demand is still high in Canada’s major rental markets, so it’s looking like prices will continue to rise or at least hold at their current levels throughout 2023.<\/p>\n\n\n\n We’ve recently published our 2022 Canada-wide Annual Rent Report with even more rental data and statistics, including overarching trends and predictions for the year ahead. You can download your copy here<\/a>.<\/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 May 2023. Don’t forget, you can download the entire report as a one-page infographic PDF below.<\/p>\n\n\n\n <\/p>\n\n\n\n