Looking to move? Looking to rent? Canada is jam-packed with wonderful cities and towns to live in, but it’s no secret that some are much more affordable than others. A new report by PadMapper has ranked the most expensive places to rent a 1-bedroom apartment in Canada right now, and it’s got a few surprises!
Speaking of surprises, the top two cities aren’t surprising at all. Honestly, it would be pretty weird to see any city other than Vancouver (ranked #1) and Toronto (ranked #2) at the top of the list.
The December 2020 report has the average price of Vancouver 1-bedroom rental at an astounding $1,950, while Toronto isn’t’ far behind at $1,900. After that, places like Burnaby ($1,670), Victoria ($1,630), and Kelowna ($1,510) round out the top five.
Recent Posts:
Here’s the average expected cost of a house in Edmonton next year
Here’s how the World Junior bubble is shaping up in Edmonton
The rest of the top ten are Barrie ($1,500), Oshawa ($1,470), Ottawa ($1,420), Montreal ($1,370), and Kitchener ($1,350).
As for other major Canadian cities like Winnipeg ($1,000), Calgary ($1,100), and Edmonton ($950) they all placed way down the list comparatively.
So, what does all this mean? Considering this is just a report of December 2020, probably not that much. But, if you’re considering a big-city move then it’s nice to know which places you can afford.
If you want to check out the full list of most expensive places to rent in Canada, just click here.
With fall just days away, Toronto could see some of its final 20°C-plus temperatures of…
We're just a few days away from the last day of summer -- sounds unbelievable,…
And just like that, it's the final weekend of summer. It's time to enjoy those…
It's hard to believe that summer is almost over, but there's still time to squeeze…
Ready for another great weekend?