Rental Market Report – February 2026
- Mar 3
- 2 min read
This report provides a current overview of rental market conditions across Downtown Vancouver, Burnaby Brentwood, Richmond West Cambie, and Surrey City Centre, our key Concord communities.
The sections below review active rental inventory, average rental rates by bedroom type, and average rental pricing per square foot. Together, these insights offer a clear comparison of supply levels, pricing trends, and overall market positioning within each submarket.
Active Rental Listings
Active rental listings reflect the amount of available inventory and the level of competition within each area. Higher listing volumes can indicate increased choice for renters, while lower inventory levels may suggest steady demand and tighter market conditions.
In this section, available homes are organized by property type and number of bedrooms within each city. This breakdown provides a clearer picture of the unit mix and total rental supply across the four communities.
Average Rental Rates by Bedroom Type
Reviewing rental pricing by bedroom type offers valuable insight into affordability, demand, and overall market direction across different unit sizes.
For February 2026, average rents are analyzed for one bedroom, two bedroom, and three bedroom homes within our key Concord communities. Year over year comparisons to February 2025 are included to highlight pricing changes over the past twelve months and to identify areas of growth, stability, or adjustment across the four submarkets.
Rental Price Per Square Foot
Average rent per square foot remains one of the most effective ways to evaluate rental value across varying unit sizes. This metric allows for consistent comparisons between neighbourhoods regardless of total square footage.
This section outlines the average rental price per square foot in each city, helping illustrate how Downtown Vancouver, Burnaby Brentwood, Richmond West Cambie, and Surrey City Centre compare in overall rental value.
Average rental price per square foot:
The February 2026 Rental Market Report provides a clear and up to date snapshot of rental activity across our key Concord communities. By reviewing active listings, rental pricing by bedroom type, and price per square foot, this report highlights current supply conditions and overall market positioning within each neighbourhood.
These insights are designed to support informed leasing decisions, whether you are comparing unit types, evaluating value between cities, or monitoring broader rental trends.
Check back next month for our March 2026 Market report! if you have any questions feel free to reach out.
