By Canadian Press

StatCan says two-bedroom asking rents highest in Vancouver in Q1

Jun 25, 2025 | 7:30 AM

OTTAWA — Statistics Canada says Vancouver saw the highest average asking rent for a two-bedroom apartment in the first quarter.

The average asking price in B.C.’s largest city for a two-bedroom unit was $3,170, down from $3,440 in the first quarter of 2024.

The average asking price in Toronto in the first quarter of this year was $2,690 compared with $2,850 a year ago, while Victoria came in at $2,680, down from $2,690 in the same quarter last year.

Prices for a two-bedroom apartment in Ottawa rose to $2,490 in the first three months of the year compared with $2,290 in the first quarter of 2024.

Compared with the first quarter of 2019, Statistics Canada says average asking rents for two-bedroom apartments in Vancouver were up 27.3 per cent.

CLIMATE RESILIENCE

Fraser Valley First Nation communities receive B.C. climate protection funding

5m ago

NEW DETACHMENT LEADER

Upper Fraser Valley RCMP names new officer-in-charge

2h ago

B.C. provincial court gives former Mountie probation for Securities Act violations

2h ago

Toronto saw a 5.1 per cent increase compared with first quarter of 2019.

This report by The Canadian Press was first published June 25, 2025.

The Canadian Press