iN NUMBERS: Rent prices falling faster in B.C. than national average

After ages of nothing but bad news in the rental market, things are starting to head closer towards affordability in B.C.

We might not be out of the woods yet when it comes to the housing crisis but consistent, positive numbers could help people breathe a sigh of relief.

Here are the numbers Rentals.ca released this month:

• 11.5: Per cent. That was the decrease in rent prices for a one-bedroom apartment in Kelowna over the last year.
• 1,686: Dollars is the average rent for a one-bedroom apartment in Kelowna.
• 5.4: Per cent. That was the increase in rent prices for a one-bedroom apartment in Kamloops over the last year.
• 1,992: Dollars is the average rent for a one-bedroom apartment in Kamloops.
• 5.2: Per cent. That was the decrease in the average rent price in B.C. over the last year.
• 2,067: Dollars is the average rent for a one-bedroom apartment in B.C.
• 2: Per cent. That was the national average rent drop over the last year.
• 16: That’s how many consecutive months Canada has seen a decrease in the average rent price.
• 857: Square feet is the average size of a rental listing, which is down from 943 square feet two years ago.
• 2.46: Dollars per square foot is the average cost for renting, which is actually up from $2.39 two years ago. Shrinkflation isn’t just fewer cookies in a packet, it’s smaller apartments too.