A new report finds that rental price ranges throughout Canada have witnessed the biggest thirty day period-above-thirty day period boost in years — and Vancouver continues to see the best rent in the nation.
On-line apartment rental system Rentals.ca has produced its June 2022 National Hire Rankings report, which analyzes the regular rental costs for its listings in May.
Across Canada, the average lease for residences in Might was $1,888, which represents a calendar year-about-calendar year boost of 10.5 for every cent.
“This also signifies a thirty day period-in excess of-thirty day period enhance of 3.7 [per cent], the biggest regular improve due to the fact May possibly of 2019,” be aware the report authors.
Vancouver continues to see the greatest rental charges in Canada, for the two a person and two-bedroom models. The common price tag of a a person-bedroom apartment in Might 2022 was $2,377, which is a 1.8 for each cent increase in excess of past month and a whopping 19.1 per cent 12 months-around-yr boost.
Two-bedroom apartments cost an regular of $3,495 in May well, marking an increase of 5.1 for each cent more than very last thirty day period and a staggering 24.1 for each cent improve 12 months-more than-12 months.
Toronto has the next-best rental selling prices in the state, with a person-bedroom units averaging $2,133 in May perhaps two-bedroom models averaged $3,002.
A different B.C. metropolis, Burnaby, rounded up the top three most highly-priced metropolitan areas in Canada. One particular-bed room apartments price tag $2,012 although two-bedroom models cost $2,645 in Could.
Two Ontarian metropolitan areas concluded the top rated five optimum Canadian rental markets in May perhaps: Oakville and Burlington.
Rent Vancouver and further than: Typical prices across Canada for apartments to rent