The pace of rent increases in Metro Vancouver slowed last year compared with 2023 and the rental stock is growing, but the regional district says homelessness continues to rise and the wait-list for social housing grows.
Metro Vancouver has released its annual housing data, showing rent increases slowed to 4.5 percent in 2024, down from 9.1 percent the year before.
Rental construction is at a 20-year peak and vacancy rates increased to 1.6 percent in 2024, up from 0.9 percent in the previous two years.
But the district says in a news release that vacancy rates across the region “remain well below a healthy level” of at least three percent….