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AreaScore

Housing and jobs

Housing costs, rents, incomes and jobs in Metro Vancouver A, with comparisons and sources.

Affordability

0 · Poor
Average monthly rent$2,266/month

BC: $1,494/month · Canada: $1,209/month · 2006: $1,380/month · 2016: $1,922/month (in 2021 dollars) · Statistics Canada, 2021

Average rent, bachelor apartmentPurpose-built rentals, CMHC October survey.$1,667/month

Metro area average · CMHC, 2025

Average rent, 1-bedroom apartmentPurpose-built rentals, CMHC October survey.$1,807/month

Metro area average · CMHC, 2025

Average rent, 2-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,364/month

Metro area average · CMHC, 2025

Average rent, 3-bedroom apartmentPurpose-built rentals, CMHC October survey.$2,820/month

Metro area average · CMHC, 2025

Rental vacancy rateShare of purpose-built rental apartments empty and available in October.3.7%

Metro area average · CMHC, 2025

Median dwelling value (owner-estimated)$1,100,000

BC: $785,000 · Canada: $472,000 · 2016: $937,660 (in 2021 dollars) · Statistics Canada, 2021

Households spending 30%+ of income on housing55%

BC: 25.5% · Canada: 20.9% · 2006: 50.8% · 2016: 56.9% · Statistics Canada, 2021

Economy

56 · Average
Median household income$63,600

BC: $85,000 · Canada: $84,000 · 2006: $47,434 · 2016: $50,127 (in 2020 dollars) · Statistics Canada, 2021

Population growth (5-year)15.4%

BC: 7.6% · Canada: 5.2% · 2016: 24.2% · Statistics Canada, 2021

Unemployment rate12.4%

BC: 8.4% · Canada: 10.3% · 2006: 7.9% · 2016: 10.9% · Statistics Canada, 2021

Sources

Adapted from Statistics Canada, Census of Population 2021 (Census Profile). This does not constitute an endorsement by Statistics Canada.

Adapted from CMHC, Rental Market Survey / Housing Market Information Portal. This does not constitute an endorsement by CMHC.