Toronto, Vancouver Have Highest Rental Prices For A One-Bedroom

Toronto and Vancouver still have the highest rents in the country for a one-bedroom apartment but 18 cities saw an upward trends in prices in October.

PadMapper‘s latest Canadian National Rent Report show that housing  markets across the country are hot as ever.

The report looks at rent prices across the 24 cities in the country, it showed that “half of the cities saw double digit, year-over-year growth rates and three-quarters of cities saw one bedroom rent on an incline.”

READ: Toronto Remains The Most Expensive City In Canada For Rent

In addition to the 18 where prices rose, five experienced downward trends and one stayed stagnant.

In Toronto, the median rent for a one bedroom increased by 2.2 per cent to $2,350. In Vancouver it rose by 1.4 per cent to $2,200.

Kingston had the largest growth rate in the country, with an increase of 5.1 per cent. Windsor saw the biggest dip with a decline of 3.5 per cent in one bedroom rent costs.  Barrie (2.8 per cent) and St. John’s (2.5 per cent) also experienced significant drops.

Here’s the full list of the median cost of renting a one-bedroom apartment in 24 cities across the country in October:

  1. Toronto: $2,350
  2. Vancouver: $2,200
  3. Burnaby: $1,750
  4. Montreal: $1,530
  5. Victoria: $1,520
  6. Ottawa: $1,400
  7. Barrie: $1,390
  8. Kelowna: $1,350
  9. Kitchener: $1,310
  10. Oshawa: $1,300
  11. Hamilton: $1,270
  12. St Catharines: $1,260
  13. Kingston: $1,230
  14. Calgary: $1,1300
  15. London: $1,120
  16. Halifax: $1,110
  17. Abbotsford: $1,040
  18. Winnipeg: $980
  19. Edmonton: $950
  20. Quebec: $930
  21. Regina: $920
  22. Saskatoon: $920
  23. Windsor: $820
  24. St John’s: $780

For the PadMapper Canadian Rent Report analyzed rental data from hundreds of thousands of active listings across the country. Padmapper’s methodology does not include short term or Airbnb listings.

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