How much it costs to rent an apartment in Canada's most expensive cities right now

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Daily Hive Staff Mar 15, 2017 11:17 am 10,868

Rentals are heating up across the country.

The latest rental report by Padmapper shows the steady rise in rental costs, especially in Canada’s largest cities.

For one bedroom median rent, 13 cities have growing prices while 8 have decreasing prices, according to the report, which was released today.

Padmapper

Not surprising, Vancouver and Toronto are on the top of the list, having the most expensive rentals in Canada, even though Vancouver’s month to month rental did not change since February.

In Toronto, on the other hand, one and two bedroom units experienced a 4.9% increase.

Vancouver’s one bedroom is averaging at $1900, while Toronto’s comes in slightly lower at $1700.

Following the two big cities in the top 5, Victoria, BC, is in third place where a one bedroom rental is $1250, just slightly higher than Montreal, which sits in fourth place at $1210.

Probably the most surprising is Barrie, ON, which finds its way into the top five due to a spike in one bedroom rentals. It even beat Calgary, which came in at seventh.

Padmapper

Meanwhile, here’s a list of rental costs across the country.

Anyone else suddenly want to move to Saguenay, QC? Anyone? Bueller?

Padmapper

See also

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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.

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