Citizens Economy Reportโ€บCitiesโ€บVancouver
Cost of Living Report ยท 2026

Cost of Living in Vancouver, British Columbia

Since January 2021, residents of Vancouver have faced significant increases in rent, groceries, and everyday expenses. Here's what the data shows.

Rent increase since 2021
+38%
~$2,200 โ†’ ~$3,050/mo (2BR)
Food prices since 2021
+26.1%
Groceries, restaurants combined
National inflation (CPI)
+18.7%
Jan 2021 โ€“ Jul 2026

๐Ÿ“ Vancouver at a Glance

  • โ€ขSecond-most expensive rental market in Canada
  • โ€ขProvincial rent control limits annual increases to 3%
  • โ€ขGas up 38% โ€” includes transit levy and carbon tax

British Columbia Cost Breakdown

Average 2-bedroom rent
Vancouver market avg ~$2,200 (2021) โ†’ ~$3,050+ (2025)
+38%
Food prices (BC)
+26.1%
Gasoline (Metro Vancouver)
Incl. provincial carbon levy and transit levy
+38%

Provincial figures apply across British Columbia. City-specific data noted where available.

How Vancouver Compares to the National Average

CategoryVancouver / British ColumbiaCanada (National)
Rent (2BR)+38%+35%
Food prices+26.1%+26.3%
Shelter CPIโ€”+33.2%
Overall inflationโ€”+18.7%

๐Ÿ›๏ธ Who's Responsible?

Cost of living is shaped by decisions made at all three levels of government. Housing affordability, taxation, transit, and local services are all within the power of elected and appointed officials.

Have you experienced these cost increases?

Rate the public servants responsible for housing, transit, and services in Vancouver. Your review is anonymous and helps hold leaders accountable.

Rate Vancouver Public Servants

Source: Statistics Canada, CMHC. Baseline: January 2021. Last updated: July 2026. Figures represent cumulative change Jan 2021โ€“Jul 2026. Provincial averages applied where city-specific data is unavailable. Full methodology โ†’