Average Vancouver rent still highest in Canada; Victoria in third place

Posted by Emma Crawford, biv.com

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The average rent for both one- and two-bedroom apartments in Vancouver remains the highest in Canada, according to Zumper (formerly PadMapper).

One-bedroom apartments went for $2,130 in B.C.’s largest city in January, with Toronto coming in a distant second at $1,850.

As for two-bedroom units, the average for Vancouver was $3,050, which is 27% higher than the average of $2,400 in Toronto.

Victoria was in third place for both home types, with an average rent of $1,840 for one-bedroom apartments and $2,300 for two-bedroom units.

“In the top markets, Vancouver was the only city that had one-bedrooms priced above the $2,000 threshold and Victoria’s one-bedroom rent was only $10 behind Toronto’s,” Zumper said in its report…read more.