How much does rent cost in Canada's provinces?
October statistics and a list of the most expensive cities by rental prices.
Rentals.ca, one of Canada's most popular apartment search portals, has analyzed rental prices in the country's largest cities. Despite the undoubtedly expensive Ontario, the top cities in terms of unaffordability are British Columbia with rental prices at CA$ 2,647 and CA$ 2,872. And closing the ranking are the settlements of Saskatchewan, where you can rent a one-bedroom apartment for a little more than CA$ 1,100.
So here's the whole list from the cities with the highest rents to the most affordable in terms of renting.
- Vancouver (British Columbia);
- Burnaby (British Columbia);
- Toronto (Ontario);
- Oakville (Ontario);
-CA$ 2,500-
- Mississauga (Ontario);
- Richmond Hill (Ontario);
- Markham (Ontario);
- Etobicoke (Ontario);
- Brampton (Ontario);
- Burlington (Ontario);
- Victoria (British Columbia);
- Kelowna (British Columbia);
- Gwelph (Ontario);
- Ottawa (Ontario);
-CA$ 2,000-
- Barrie (Ontario);
- Kitchener (Ontario);
- Waterloo (Ontario);
- London (Ontario);
- Halifax (Nova Scotia);
- Hamilton (Ontario);
- Oshawa (Ontario);
- Montreal (Quebec);
- Calagri (Alberta);
- St. Catharines (Ontario);
- Niagara Falls (Ontario;
- Laval (Quebec);
- Abbotsford (British Columbia);
- Windsor (Ontario);
-CA$ 1,500-
- Quebec (Quebec);
- Edmonton (Alberta);
- Winnipeg (Manitoba);
- Red Deer (Alberta);
- Fort McMurray (Alberta);
- Regina (Saskatchewan);
- Saskatoon (Saskatchewan).
Total average rent for a one bedroom apartment in a large city in Canada is CA$ 1,889 or $1,368 (USD).
The annualized rate of rent growth in Canada was 9.9% in October. This is noticeably lower than September's 11.1%, but still the second highest in the last seven months. The average monthly asking rent, on the other hand, rose 1.4%. In September (1.5%) and August (1.8%) the level was lower, but researchers attribute this to seasonal factors.
The recent growth in national average rents has been driven by three provinces: Alberta, Quebec and Nova Scotia. These provinces are experiencing a combination of strong population growth and a large influx of new rental supply at above-market average prices. In Alberta, rents reached CA$ 1,686, in Quebec CA$ 1,977, and in Nova Scotia CA$ 2,097.
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But the very expensive province of Ontario itself is suddenly growing more slowly than others. In October, growth was 4.6% — compare that to a 6.6% increase in September. The average asking rent in Ontario reached CA$ 2,492.
The Prairie provinces of Manitoba and Saskatchewan saw the largest month-over-month rent increases of 5.5% and 4.0%. In Manitoba, the average asking rent for apartments reached CA$ 1,510. Apartment rents in Saskatchewan rose to an average of CA$ 1,409.
At the same time, the shared rental market is growing nationally. In October, the number of cohousing offers in British Columbia, Alberta, Ontario and Quebec increased by 42% compared to last year. The average rent in this market was highest in B.C. at CA$ 1,176. In Ontario it was slightly lower at CA$ 1,068, in Alberta the fee reached a high of CA$ 870, and in Quebec City Montreal CA$ 873.
