The Vancouver rental market continues to be one of the most competitive in Canada, driven by high demand, limited supply, strong immigration, and strict housing regulations. As we move through 2025 and into 2026, property owners need clear data, realistic expectations, and a strategy backed by local experience. With rising interest rates, slowing construction, and increasing demand for furnished rentals, understanding today’s trends is essential for staying profitable. This updated forecast breaks down rental prices, neighbourhood performance, furnished rental demand, and the impact of major events such as FIFA World Cup 2026. It also explains how working with a knowledgeable Vancouver property management company can help you maximize returns, reduce vacancy, and stay compliant with BC tenancy laws.
Vancouver Rental Prices Continue to Climb in 2025
Despite new housing starts and government incentives, Vancouver remains a high-demand rental market with limited inventory. In 2025, prices are being pushed by population growth, interprovincial migration, and a slowdown in new construction due to rising costs.
Average rent ranges for 2025:
• One-bedroom apartments: $2,600 - $3,100
• Two-bedroom apartments: $3,400 - $4,300
• Furnished one-bedrooms: $2,900 - $3,800
• Furnished two-bedrooms: $3,800 - $5,200
Demand remains especially strong in Downtown, Yaletown, Coal Harbour, Kitsilano, Olympic Village, and areas near major transit hubs such as Broadway City Hall.
• One-bedroom apartments: $2,600 - $3,100
• Two-bedroom apartments: $3,400 - $4,300
• Furnished one-bedrooms: $2,900 - $3,800
• Furnished two-bedrooms: $3,800 - $5,200
Demand remains especially strong in Downtown, Yaletown, Coal Harbour, Kitsilano, Olympic Village, and areas near major transit hubs such as Broadway City Hall.
For owners considering furnished options, view our guide to furnished rentals in Vancouver
Factors Driving the Rental Market in 2025–2026
Multiple forces are shaping the direction of Vancouver rents over the next two years.
Population Growth and Immigration
Vancouver continues to attract immigrants, international workers, students, and executives. With more people arriving than new units being built, pressure on rental supply remains high.
Construction Slowdowns
Developers are moving cautiously as financing, labour, and materials remain expensive. This means fewer new rental units in 2025 and 2026, keeping supply tight.
Higher Interest Rates
Many owners who purchased recently are carrying higher mortgage payments. This has increased the need for stable, long-term tenants and higher rental rates to offset costs.
Increased Preference for Quality Rentals
Tenants are choosing professionally managed units, updated suites, well-maintained buildings, and furnished rentals that offer flexibility. This is a strong advantage for landlords who invest in quality rental presentation.
Neighbourhood Outlook: Where Demand Is Strongest
Demand varies by neighbourhood, and certain areas continue to outperform others.
Downtown Vancouver
Highly desirable for professionals and students, with strong year-round demand. One-bedrooms and furnished rentals perform exceptionally well.
Yaletown and Coal Harbour
Premium rental areas with competitive pricing. These neighbourhoods attract international tenants, relocations, and corporate clients.
Kitsilano and Point Grey
Consistent demand from families, long-term tenants, and UBC-related applicants. Good for unfurnished long-term rentals.
Mount Pleasant and Olympic Village
Growing tech hub with high demand for modern one and two bedroom condos.
East Vancouver
More affordable than the west side, making it popular with young professionals and students. Excellent long-term tenant retention.
For investors with properties in surrounding cities, see:
- Burnaby Property Management
- Richmond Property Management
- Burnaby Property Management
- Richmond Property Management
Furnished Rentals Are Becoming More Popular in 2025
Furnished rentals are seeing a noticeable increase in demand, especially among:
• Relocation employees
• Digital nomads
• Film industry workers
• Corporate professionals
• Temporary residents
• International arrivals
• Digital nomads
• Film industry workers
• Corporate professionals
• Temporary residents
• International arrivals
These units rent faster and generate significantly higher returns. Explore Vancouver furnished rental management for more guidance.
What Types of Units Perform Best in 2025–2026?
Certain unit types are outperforming others in terms of occupancy and rental price stability.
One Bedroom Furnished Apartments
These are the strongest performers in Downtown, Yaletown, and Coal Harbour due to relocation demand.
Two Bedroom Units in Family Areas
Kitsilano, Point Grey, Mount Pleasant, and East Vancouver show low turnover and excellent long-term tenants.
Newer Condos Near Transit
Buildings close to the Expo Line, Canada Line, and the upcoming Broadway extension typically rent within days.
Micro-units and Studios
These continue to fill quickly with students and single professionals seeking affordability.
Outlook for 2026: steady demand and upward pressure on rents
Looking ahead to 2026, several indicators point toward continued rental growth:
• Low vacancy rates expected to remain below 1.5 percent
• Limited supply of new rental inventory
• Anticipated increase in immigration and foreign professionals
• High demand for furnished and well-located units
• Vancouver continuing to lead Canada in rent appreciation
• Limited supply of new rental inventory
• Anticipated increase in immigration and foreign professionals
• High demand for furnished and well-located units
• Vancouver continuing to lead Canada in rent appreciation
Conservative estimates predict modest rent increases of 4-7 percent annually, depending on neighbourhood and unit type.
Impact of FIFA 2026 on the Vancouver Rental Market
With Vancouver hosting FIFA World Cup matches in 2026, demand for rentals will surge during the months surrounding the event. International visitors, media teams, sports organizations, and travelling fans will significantly increase demand for furnished rentals, especially in Downtown and surrounding areas.
Many property owners are already exploring opportunities for higher short-term rental income during the event period. For a full breakdown of strategies, and potential earnings, visit our FIFA 2026 Vancouver Property Management page
Many property owners are already exploring opportunities for higher short-term rental income during the event period. For a full breakdown of strategies, and potential earnings, visit our FIFA 2026 Vancouver Property Management page
Tips for Maximizing Rental Income in 2025-2026
Keep the Unit in Excellent Condition
Fresh paint, updated fixtures, cleanliness, and modern presentation significantly impact rental value.
Consider Offering Fully Furnished Options
Well-staged furnished rentals can generate higher rent and attract corporate clients and relocations.
Professional Photography
High-quality listing photos increase visibility and help units rent faster.
Use Professional Property Management
Experienced management improves tenant quality, reduces vacancy time, and ensures compliance with BC tenancy laws.
Learn about our services : Vancouver Property Management
Furnished vs. Unfurnished: What’s Better for You?
Furnished rentals generate higher monthly income and attract tenants seeking flexibility, especially in Downtown and waterfront neighbourhoods. Unfurnished rentals offer long-term stability and lower turnover. The best option depends on the owner’s goals, property location, and expected holding period.
Best Times of Year to Rent Your Vancouver Property
Peak rental periods include
January to March (relocations and new arrivals)
May to July (student turnover + relocations)
September (academic cycle and new professionals)
That said, well-priced units in good areas rent quickly year-round.
January to March (relocations and new arrivals)
May to July (student turnover + relocations)
September (academic cycle and new professionals)
That said, well-priced units in good areas rent quickly year-round.
Final Thoughts: Vancouver Remains a Strong Investment Market
With low vacancy, limited new supply, strong population growth, and increasing demand for high-quality and furnished rentals, Vancouver continues to be one of Canada’s most resilient rental markets. Property owners who position their units correctly, maintain strong presentation, and use strategic pricing will continue to see strong returns throughout 2025 and into 2026.
If you’re considering renting out your property or want help navigating the Vancouver market, My Dream Realty can provide rental evaluations, tenant screening, marketing, and full property management services tailored to your needs.
If you’re considering renting out your property or want help navigating the Vancouver market, My Dream Realty can provide rental evaluations, tenant screening, marketing, and full property management services tailored to your needs.
Contact us today for your free evaluation:
Frequently Asked Questions About the Vancouver Rental Market
Will rental prices increase in 2026?
Yes, projections show an estimated increase of 4-7 percent depending on neighbourhood and unit type.
Is Vancouver still a strong market for rental investment?
Yes, vacancy remains low and demand consistently outpaces supply, making Vancouver a stable long-term rental market.
Are furnished rentals profitable in Vancouver?
Furnished units typically achieve higher rental rates and attract relocations and short-term professionals.
How long does it take to rent a Vancouver condo?
Most well-priced units rent within 7 to 14 days.
Which neighbourhoods are rising in demand?
Mount Pleasant, Olympic Village, East Vancouver, and Metro-connected areas continue to grow quickly.