Vancouver rent is higher than in any other major Canadian centre, and it got even more expensive to rent a two-bedroom apartment in April, according to PadMapper’s latest rent report.
The average rent for a one-bedroom unit remained stable at $1,900, where it has been since January; for a two-bedroom home, average rent increased 2.2% to $3,200. This is 41% higher than the $2,270 average rent for a two-bedroom apartment in Toronto; in January, a two-bedroom unit was 60% more in Vancouver than it was in Toronto.
One-bedroom rent grew 4.7% in Toronto to $1,780.In Victoria, one-bedroom units went for $1,310 – up 4.8% month-over-month – while the price for two bedroom units dropped 5.2% to $1,460.
The biggest increase for one-bedroom rent was in Saguenay, Quebec, where the average rent jumped 5.9% to $540; this city has the lowest rent in the country.
Top 10 highest rents across Canada in April (source: Padmapper):
@EmmaHampelBIV
