The average rental rates for condos in Vancouver and surrounding areas are in for 2018 and just like last year and the year before that they are increasing. That’s good news if you're an investor/ landlord as vacancy rates continue to be around 1% and rates keep rising. It’s not good news if you're a renter in Vancouver. Nothing wrong with renting in the short term but becoming a long term renter in an expensive city like Vancouver places you at a huge financial disadvantage compared to an owner.