Ah, rent – the worst.
If you live in a Canadian city with more than, say, 100,000 people, chances are you’re paying more than a reasonable amount for your place. Some cities, of course, have it much worse than others.
Online rental finder PadMapper recently released its November Canadian Rent Report, analyzing rental data from hundreds of thousands of listings across the country to determine the average price of one- and two-bedroom apartments.
Most expensive are the usual suspects, Vancouver and Toronto. The average price of a one-bedroom apartment in Vancouver is $2080, while Torontonians spend around $1920 for the privilege of #shoeboxlife.
Third place, however, is quite the surprise: Barrie, Ontario. The average price of a one-bedroom pad in Barrie is $1290/month, which is up more than 15 per cent since this time last year. Victoria and Montreal round out the top five.
Notable findings from the data:
- – The average price of rent grew more in Montreal over the past year than in any other city (15.9%)
– Five of the most expensive cities in Canada are in Ontario
– Oshawa is the only city in the top 10 to see a decrease in the price of rent since this time last year
– After Montreal, Quebec’s next-most expensive city doesn’t appear until the 22-spot (Quebec City)
– Windsor remains incredibly cheap at $670/month for a one-bedroom – down 7 per cent since thus time last year.
You can check out the full data below: