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According to the study by Rentals.ca, the annual rate of rent growth in the country was 9.9% in October, which is a moderate decrease from September’s annual pace of 11.1%. However, it was the second fastest annual increase of the past seven months.
Rents have increased by $175 (or 8.8%) over the past six months. As of October 23, the average rental price was $2,178.
|
City |
One-bedroom apartment |
Two-bedroom apartment |
|
Vancouver (British Columbia) |
$2,872 |
$3,777 |
|
Burnaby (British Columbia) |
$2,647 |
$3,341 |
|
Toronto (Ontario) |
$2,607 |
$3,424 |
|
Oakville (Ontario) |
$2,524 |
$3,337 |
|
Mississauga (Ontario) |
$2,352 |
$2,851 |
|
Richmond Hill (Ontario) |
$2,326 |
$2,685 |
|
Markham (Ontario) |
$2,325 |
$2,604 |
|
Etobicoke (Ontario) |
$2,292 |
$2,909 |
|
Brampton (Ontario) |
$2,195 |
$2,515 |
|
Burlington (Ontario) |
$2,189 |
$2,578 |
|
Victoria (British Columbia) |
$2,109 |
$2,836 |
|
Kelowna (British Columbia) |
$2,099 |
$2,592 |
|
Guelph (Ontario) |
$2,061 |
$2,398 |
|
Ottawa (Ontario) |
$2,056 |
$2,503 |
|
Barrie (Ontario) |
$1,918 |
$2,328 |
|
Kitchener (Ontario) |
$1,915 |
$2,364 |
|
Waterloo (Ontario) |
$1,909 |
$2,545 |
|
London (Ontario) |
$1,878 |
$2,257 |
|
Halifax (Nova Scotia) |
$1,875 |
$2,241 |
|
Hamilton (Ontario) |
$1,868 |
$2,229 |
|
Oshawa (Ontario) |
$1,845 |
$2,219 |
|
Montreal (Quebec) |
$1,802 |
$2,266 |
|
Calgary (Alberta) |
$1,733 |
$2,155 |
|
St. Catharines (Ontario) |
$1,685 |
$1,925 |
|
Niagara Falls (Ontario) |
$1,680 |
$2,008 |
|
Laval (Quebec) |
$1,601 |
$2,003 |
|
Abbotsford (British Columbia) |
$1,594 |
$2,011 |
|
Windsor (Ontario) |
$1,545 |
$1,936 |
|
Quebec (Quebec) |
$1,288 |
$1,703 |
|
Edmonton (Alberta) |
$1,284 |
$1,596 |
|
Winnipeg (Manitoba) |
$1,282 |
$1,692 |
|
Red Deer (Alberta) |
$1,249 |
$1,464 |
|
Fort McMurray (Alberta) |
$1,226 |
$1,478 |
|
Regina (Saskatchewan) |
$1,191 |
$1,405 |
|
Saskatoon (Saskatchewan) |
$1,109 |
$1,340 |
Source: Immigration.ca
Photo by James Thomas on Unsplash
