I have some average friends who live in Washington DC, where the average rent for a one bedroom apartment is a whopping $2,000 a month. We're currently at around $1,200, which is only slightly higher than Kelowna, and about the same as places like Calgary, Edmonton, Saskatoon and Halifax.
Sometimes it just seems like Victorians simply don't get outside of Vic much. Our collective analytical abilities are pretty terrible. Sure, rents have increased dramatically since the 80's and 90's. Hey, did you know that a Coke used to cost five cents? I never see the local media or politicians compare us to other Canadian cities.
From Padmapper's July rental report:
Similar to last month, Canada continued to see mixed price trends across its cities. Of the 25 cities, 6 experienced increasing prices, 8 decreasing, and 11 with no change. See below to see how rent in your city has changed this month.
Top 5 Most Expensive Rental Markets
- Vancouver, BC maintained its position as the most expensive city to rent in Canada. The median price for one bedroom units grew by 2.5%, settling at $2,090, while the median price for two bedrooms increased by 2.5% to $3,230.
- Toronto, ON, similar to Vancouver, kept its spot as 2nd. Rent prices slightly increased by 0.6% to $1,800 for one bedroom units and rose by 3% to $2,430 for two bedrooms.
- Barrie, ON climbed two spots, experiencing a steep increase of 5.2% to $1,210 for one bedroom rent. For two bedroom units, however, rent dropped by 1.4% to $1,390.
- Montreal, QC saw mixed price changes this month for one and two bedroom units. Rent for one bedroom units decreased by 3.3% to $1,160, whereas the price for two bedroom units climbed 2.8% to $1,460.
- Victoria, BC fell one spot this month, experiencing a drastic decline in rent for one bedroom units. Rent was down by 5.1% for one bedroom units while prices for two bedroom units slightly increased by 0.7% to $1,410.
Edited by VicHockeyFan, 18 July 2017 - 07:54 AM.