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.
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.
