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.
- This map shows the average price of a home in every major Canadian city
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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!
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