Here’s how much it will cost to rent a one-bedroom apartment in Metro Vancouver in February

The five most expensive cities in Canada to rent this month are in Metro Vancouver.

Rental prices in Metro Vancouver are down this month from last, but the five most expensive cities in Canada are in the area.

Rent prices for an unfurnished one-bedroom unit fell in February 2023, dropping $6 from $2,257 to $2,251, according to the latest Liv.rent rental report.

In December, prices for unfurnished one-bedroom units fell for the first time since July, falling $90 from the November median price ($2,317).

However, a look back at 2022 offers a less sunny outlook for what to expect for renters this year.

While some months saw average prices drop, the vast majority saw at least minor, if not significant, increases. And to kick off the new year, prices rose $30 to $2,257 in January.

In February 2022, prices for an unfurnished one-bedroom unit in Metro Vancouver were $411 (22.34%) lower.

Liv.rent notes February’s slightly lower rates follow “another rate hike by the Bank of Canada”, but many analysts expect this to be the last rate hike for some time, “suggesting that the country’s sky-high rental prices could gradually come down to earth in 2023.

Photo via Liv.rent

Apartments for Rent in Metro Vancouver: Average Rent by Listing Type

The five most expensive cities in Canada are all in British Columbia, with West Vancouver taking the top spot in February, with an average price for an unfurnished one-bedroom unit of $2,533.

The city of Vancouver was not far behind, however, with one-bedroom units averaging $2,525 this month. North Vancouver took third place, with units selling for an average of $2,497.

Burnaby was the fourth most expensive market with units averaging $2,374. Richmond rounds out the top 5 with homes averaging $2,223.

Photo via Liv.rent

For furnished apartments, Vancouver (+6.78%) saw the only notable price increase in February, while New Westminster (-12.26%), Coquitlam (-10.26%) and Burnaby (-5, 65%) also experienced significant price drops on average. “according to the report.

Photo via Liv.rent

Rent in Vancouver by neighborhood in February

Downtown Vancouver remains the most expensive neighborhood in the city, with unfurnished one-bedroom units costing an average of $2,796.

West Point Grey/UBC was the second most expensive neighborhood with units averaging $2,685 and Shaughnessy was third with apartments averaging $2,591.

The cheapest neighborhood to rent in Vancouver is Hastings-Sunrise with average rental costs just under $2,000 to $1,950.

Photo via Liv.rent

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#Heres #cost #rent #onebedroom #apartment #Metro #Vancouver #February

Fraser Health will pay $5 for five years’ rent at Cronzy Alzheimer’s Center in Surrey

Fraser Health paid five annual rents to the Surrey Hospitals Foundation for the use of the Czorny Alzheimer’s Centre. The total was $5.

Surrey Hospitals Foundation board member Marten Van Huizen said in a press release on Wednesday February 1 that the low costs were due to the Stewart family.

“Thanks to the unprecedented donation from the Stewart family, we are offering it to Fraser Health at an extremely low cost – just $1 a year – so they can do the great job of managing space and providing unprecedented care for residents with Alzheimer’s disease.” call Czorny at home,” Van Huizen said.

Located at 66 Avenue in Cloverdale, the inpatient care facility provides specialist care and houses 72 residents in six cabin-style residences. The center opened in 2007 and is named after Michael Czorny, father of Surrey philanthropist Marilyn Stewart. Czorny suffered from dementia for nine years before his death.

The family provided the land and $10 million in capital to build the center. In 2017, the family donated it to the Surrey Hospitals Foundation.

The facility is specially designed for people with dementia. It provides 72 patients with a safe home that offers both psychological safety and comfort. An interdisciplinary team of nursing staff provides round-the-clock care.

Leanne De Romeri, Fraser Health’s director of clinical operations, community health services, said in a press release that the facility is focused on residents.

“We encourage volunteers to play music and take care of the garden, and we offer a variety of programs to eliminate loneliness, boredom and helplessness for our residents,” De Romeri said.

“All of this would not be possible without the Surrey Hospitals Foundation and the excellent partnership that Fraser Health has developed with them over the years.

-With files from Black Press Media

READ MORE: Surrey philanthropist dies aged 78

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Fraser Health Surrey

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Here’s how much it will cost to rent a one-bedroom apartment in Metro Vancouver in February

The five most expensive cities in Canada to rent this month are in Metro Vancouver.

Rental prices in Metro Vancouver are down this month from last, but the five most expensive cities in Canada are in the area.

Rent prices for an unfurnished one-bedroom unit fell in February 2023, dropping $6 from $2,257 to $2,251, according to the latest Liv.rent rental report.

In December, prices for unfurnished one-bedroom units fell for the first time since July, falling $90 from the November median price ($2,317).

However, a look back at 2022 offers a less sunny outlook for what to expect for renters this year.

While some months saw average prices drop, the vast majority saw at least minor, if not significant, increases. And to kick off the new year, prices rose $30 to $2,257 in January.

In February 2022, prices for an unfurnished one-bedroom unit in Metro Vancouver were $411 (22.34%) lower.

Liv.rent notes February’s slightly lower rates follow “another rate hike by the Bank of Canada”, but many analysts expect this to be the last rate hike for some time, “suggesting that the country’s sky-high rental prices could gradually come down to earth in 2023.

Photo via Liv.rent

Apartments for Rent in Metro Vancouver: Average Rent by Listing Type

The five most expensive cities in Canada are all in British Columbia, with West Vancouver taking the top spot in February, with an average price for an unfurnished one-bedroom unit of $2,533.

The city of Vancouver was not far behind, however, with one-bedroom units averaging $2,525 this month. North Vancouver took third place, with units selling for an average of $2,497.

Burnaby was the fourth most expensive market with units averaging $2,374. Richmond rounds out the top 5 with homes averaging $2,223.

Photo via Liv.rent

For furnished apartments, Vancouver (+6.78%) saw the only notable price increase in February, while New Westminster (-12.26%), Coquitlam (-10.26%) and Burnaby (-5, 65%) also experienced significant price drops on average. “according to the report.

Photo via Liv.rent

Rent in Vancouver by neighborhood in February

Downtown Vancouver remains the most expensive neighborhood in the city, with unfurnished one-bedroom units costing an average of $2,796.

West Point Grey/UBC was the second most expensive neighborhood with units averaging $2,685 and Shaughnessy was third with apartments averaging $2,591.

The cheapest neighborhood to rent in Vancouver is Hastings-Sunrise with average rental costs just under $2,000 to $1,950.

Photo via Liv.rent

Source

#Heres #cost #rent #onebedroom #apartment #Metro #Vancouver #February