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After three consecutive decreases, Metro Vancouver has seen an increase in average rent prices this January. The latest data reveals a noteworthy uptick, with the average monthly rent price for an unfurnished, one-bedroom unit climbing by $26 to reach a new average of $2,367. This marks a significant shift since January 2023, reflecting an overall increase of $110 in Metro Vancouver’s average rate for a one-bedroom, unfurnished unit. These changes highlight the ongoing dynamics within the region’s rental market, posing challenges for residents seeking affordable housing options.
