While it might not come as a surprise that rental prices are high in Vancouver, the average rent for a two-bedroom apartment just might.
Rentals.ca has released its National Rent Rankings report for May 2019, and Vancouver has some of highest prices. In fact, the city has the highest rent for two-bedroom accommodation in the country, with an average monthly rent of $2,915. Furthermore, Vancouver was ranked the fourth most expensive city to rent in across the country, with one-bedrooms costing an average of $1,828.
Toronto was ranked the most expensive city to rent in, with a one-bedroom rental average of $2,242; a two-bedroom costs an average of $2,731. Following Toronto, Etobicoke, Ontario, came in second, followed by another Ontarian city, Richmond Hill, in third. Actually, Vancouver was the only city outside of Ontario that ranked in Canada’s top 10 most expensive cities for rentals.
According to the study, only seven per cent of apartment listings in Vancouver have three bedrooms; in Manitoba, nearly 23 per cent of rental apartment listings have three bedrooms.
Check out the full rankings in the infographic below.