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Summary

Vancouver’s Average Rent Price Would Have You Dishing Out Nearly $30K A Year

That's gotta hurt.

Vancouver’s Average Rent Price Would Have You Dishing Out Nearly $30K A Year
Minyun Zhou | Dreamstime
Contributor

A new rental report shows just how expensive rental prices in Vancouver really are. The report by Rentals.ca shows that the average rent for condos and apartments in Vancouver as of May 2021 is a whopping $2,315 per month.

If you're paying that rate for an entire year, you're looking at an overall cost of $27,780.

Rentals.ca

So, if you're making a salary of $50,000 annually, you'll be throwing over half of your income into your rent payments.

"Vancouver experienced the largest month-over-month increase among the major municipalities with a monthly increase of 5.4% in average rent to $2,315, the highest in the country," said the report.

In comparison, the average , the place with the second-highest average, is $2,027.

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      Britanny Burr was a Staff Writer at Narcity Canada, who drove growth within Narcity's Western coverage and readership. Having lived between her hometown, Canmore, Alberta and Calgary, Montreal, Vancouver, and NYC over the past 10 years, she is obsessed with finding the best local hot spots. She holds a B.A. in English and has over six years of professional writing experience as Head Writer and Editor for YUL.Buzz in Montreal, and Creative Copywriter at JAKT in NYC. News by day, poetry by night — the written word is Britanny's nearest and dearest.

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