Average cost of renting an apartment in major cities across Canada (INFOGRAPHIC)
Daily Hive StaffDec 19, 2016 2:40 pm11,228
Canada’s largest real estate search website, RentSeeker.ca has released a new and updated annual report for 2016.
In it, they use an infographic to display the average cost of rent as well as vacancy rates across the country. Info for studio/bachelor apartments, 1-bedrooms, 2-bedrooms, and 3-bedroom apartments is all here.
So, not only will you be able to see just how expensive it is to live in certain cities in Canada (Toronto), you’ll also see how impossibly hard it is to find a vacant one even if you have the money to afford it (Vancouver).
A few interesting takeaways from the info below:
The average price of a one bedroom apartment in Montreal is just $1 more than in Moncton, NB
Vancouver’s highest vacancy rate is for a 3-bedroom apartment and is just 1.4%
Calgary is more expensive than Edmonton in every apartment classification except a 3-bedroom
Saint John, NB and Saskatoon, SK consistently have the highest vacancy rates across every category
It is less expensive to rent a 3-bedroom apartment in St. John’s, NL than a studio apartment in either Toronto or Vancouver
Yellowknife, NT is the most expensive city in Canada to rent any kind of apartment
Happy apartment renting, Canada!
Click to enlarge
Daily Hive Staff
Launched on July 1, 2016, Daily Hive is the evolution of Vancity Buzz and is now in Vancouver, Calgary, Toronto, and Montreal.