Vancouver only major Canadian city with average rents decreasing

Vancouver remains Canada's priciest rental city, but it stands out with decreasing rent prices. While one- and two-bedroom rents rose 5% nationally, Vancouver's one-bedroom rates dropped 1.9% to $2,650 yearly. Two-bedroom prices increased by 1.3% to $3,800. Meanwhile, cities like Edmonton and Winnipeg are experiencing significant rent hikes due to high immigration and low vacancy rates, indicating further increases nationwide.