Vancouver continues to have the highest rent averages in Canada.
Rental prices are still rising as interest rates continue to increase and people turn away from buying.
Pricing averages put the city as the fifth highest in the country behind Vancouver, Toronto, Richmond and Oakville, Ont. "The recent report by the Canada Mortgage and Housing Corporation suggests Canada remains significantly undersupplied for housing, which continues to impact rental markets, and migration patterns .
The benchmark price for all residential properties in Metro Vancouver as of last month is $1,235,900.
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