Toronto is plagued with high rent, and it doesn’t look like prices will fall any time soon. With a lack of supply and a significant portion of condos owned by investors, the cost of renting in the city is only going up.
For the seventh month straight, Toronto has topped a national rent report by Rentals.ca and Bullpen Research & Consulting. An average one bedroom now goes for a whopping $2,266. That’s roughly $130 more than the reported average in January.
READ: The Cheapest Condos Sold In Toronto Between June And July
Toronto’s rental rates have reached absurd heights. For $2,266, you can get a lot more space (and amenities) in other parts of the country, according to Rentals.ca.
Read on to find out what kind of home you can rent for roughly the same price as a one-bedroom in Toronto.
Calgary, Alberta: 48 Evansview Park NW — $2,150/month
All photos courtesy of Rentals.ca
Property type: Detached HouseBedrooms: 3Bathrooms: 2.5Parking: N/ASq. Footage: 2,400
This Calgary home has enough space for a growing family thanks to its three spacious bedrooms. Those who love to entertain will especially love the kitchen, which has a massive quartz centre island and a built-in wall oven.
Edmonton, Alberta: 8929 155 St. NW — $2,300/month
Property type: Detached HouseBedrooms: 3
Bathrooms: 2.5
Parking: 2
Sq. Footage: 1,850
This newly built home might seem narrow, but don’t be deceived! The open-concept layout on the main floor means the space won’t feel cramped even if you have guests over. There’s also plenty of storage space. There’s a large walk-in pantry off of the kitchen, built-in storage at the back entrance, and each bedroom has generous closet space.
Ottawa, Ontario: 32 Palmadeo Dr. — $2,200/month
Property type: Semi-detached HouseBedrooms: 4
Bathrooms: 4
Parking: 2
Sq. Footage: N/A
This home is what suburban dreams are made of. The main floor is large and bright, complete with hardwood floors and a quaint fireplace. The four-bed home has enough room for a family plus guests. The finished basement is perfect for entertaining, as is the fenced backyard, which comes with a deck and built-in seating!
Winnipeg, Manitoba: 225 Carlton St. — $2,275/month
Property type: ApartmentBedrooms: 2
Bathrooms: 2
Parking: N/A
Sq. Footage: 1,000
This spacious apartment features floor-to-ceiling windows, an open-concept layout, a modern kitchen with stainless steel appliances, and in-suite laundry. But if you think that sounds nice, wait until you hear about the amenities. Not only does this building have a fitness facility, but it also has a rooftop lounge and media room perfect for when guests come over.
Montreal, Quebec: 50 Rue des Soeurs Grises — $2,200/month
Property type: CondoBedrooms: 1
Bathrooms: 1
Parking: N/A
Sq. Footage: 1,000
Sure, this rent might be pricey for one person, but look at all that space! This fully furnished condo gets a lot of natural light thanks to its large windows. Its kitchen is equipped with five appliances and a breakfast bar, and the bedroom is big enough to fit a small desk. And to make living here that much sweeter, the building has a small outdoor pool, BBQ area, and patio terrace.
Vancouver, B.C.: 1668 Davie St. — $2,225/month
Property type: CondoBedrooms: 1
Bathrooms: 1
Parking: 1
Sq. Footage: 497
Vancouver’s condos are just as unaffordable as Toronto’s, and this listing proves it. The bright, open-concept apartment somehow fits a bedroom, den, in-suite laundry, and balcony all into less than 500 sq. ft. The condo boasts “stunning views” and is situated near English Bay Beach. The building also comes with a BBQ and firepit area, a hot tub, and a rooftop terrace.
Quebec City, Quebec: 7 rue des Jardins de Mérici, Suite 106 — $2,399/month
Property type: PenthouseBedrooms: 4
Bathrooms: 2
Parking: N/A
Sq. Footage: 2,200
With four bedrooms, this penthouse can comfortably house an entire family and still have room for guests! The property itself is made for family living. It includes a garden and lounge area, as well as a large outdoor pool for summer fun. However, there’s no in-suite laundry. Tenants will have to go to the basement for washers and dryers.
Hamilton, Ontario: 104 Barclay St. — $2,100/month
Property type: Detached HouseBedrooms: 4
Bathrooms: 2
Parking: 4
Sq. Footage: N/A
Located close to McMaster University, this is the ideal property for families with students living at home. The house has an office on the main floor and four bedrooms upstairs. It features a fully renovated kitchen, a gas fireplace, a stone backyard patio, a backyard shed and cozy front porch.
Saskatoon, Saskatchewan: 211 Blakeney Cres. — $2,000/month
Property type: Detached HouseBedrooms: 4
Bathrooms: 2.5
Parking: 2
Sq. Footage: 1,124
This home has everything you could possibly need: kitchen appliances, air conditioning, a finished basement and a fenced backyard. It’s located close to shopping, restaurants, grocery stores and schools, and has the perfect amount of space for a growing family.
London, Ontario: 1130 Baird St. — $2,090/month
Property type: Detached HouseBedrooms: 3
Bathrooms: 2.5
Parking: 2
Sq. Footage: N/A
Would you ditch the city for a home in the suburbs? Because this rental home might convince you. It’s high ceilings, large windows, and modern design are its biggest draw, as well as its massive backyard. The property is ideal for those who love to entertain or are looking to start a family.
Halifax, Nova Scotia: 5484 Young St. — $2,000/month
Property type: ApartmentBedrooms: 2.5
Bathrooms: 1
Parking: 1
Sq. Footage: 1,200
This apartment in a multi-unit house has two large bedrooms and a den. It’s the perfect space for a couple or two roommates to live comfortably. The home features hardwood floors, a fireplace, and lots of natural light.
Saint John, New Brunswick: 115 Prince William St. — $2,000/month
Property type: CondoBedrooms: 2
Bathrooms: 1
Parking: 0
Sq. Footage: N/A
The high ceilings in this condo will make you feel like you have endless space! The living room is big and bright, making it the perfect place to entertain. The home has elegant features throughout, including roman arch windows, hardwood floors, granite kitchen countertops, and a soaker jet bathtub.
