Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 |


Downtown Vancouver hotel rates lead all Canadian cities

We looked at hotel prices across the country via Expedia, a popular hotel booking platform. Before this deep dive, it’s important to note that two cities in particular, Edmonton and Toronto, have their respective NHL teams in the playoffs for now. But that hasn’t impacted prices, at least compared to Vancouver, as much as you might think.

In Vancouver, Expedia’s first 20 recommended hotels came to an average cost of $678.10. On the highest end of that scale, a two-night stay would cost a visitor a whopping $1,199 per night, or $3,377 total. The cheapest visit is at the Cambie Hostel for $72 per night. Some people suggested checking out Airbnb listings instead of downtown Vancouver hotels.

Throughout 2022, Vancouver’s hotel market reached a room occupancy rate of 72.9%, which is also the highest amongst major Canadian urban hotel markets. This represents a 50.4% year-over-year growth in the utility of hotel room supply. Without an adequate increase in hotel room supply, Vancouver’s hotel rooms will continue to see escalating prices, visitors will choose to travel to other Canadian destinations outside of British Columbia, and the city and region will become less competitive with landing the rights to host tourism-generating conferences, conventions, and sports events. There would be opportunity costs of economic losses in the tens of billions of dollars and significant job growth impacts.

It's time now to build more!

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.