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CoStar Insight

Supply surge drives further changes in Vancouver’s rental market

Rising vacancy and leasing incentives reflect arrival of more apartments
The recently completed Spencer House by Polygon is located in the Oakridge area of Vancouver (CoStar)
The recently completed Spencer House by Polygon is located in the Oakridge area of Vancouver (CoStar)
CoStar Analytics
June 11, 2026 | 12:28 P.M.

Vancouver’s rental apartment market is clearly in transition, with both vacancy and leasing conditions shifting meaningfully as new supply keeps entering the market.

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