Despite the city’s housing crisis, Vancouver does not have the highest rent in Canada.
A recent study looked at 30 cities across the country and found Vancouver had the second highest rent for a two-bedroom and the sixth highest for a one-bedroom.
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Toronto sits at the most expensive place to rent. The average price for a one-bedroom in Toronto is $2,315, whereas in Vancouver, the average is $1,882.
A two-bedroom in Toronto is about $2,926 and in Vancouver it’s $2,800.
The median rent in Vancouver did rise by six percent within a year, however. Average rents increased by 1.3% nationally from January 2019 to 2020.
The lowest rents for a one-bedroom in Canada go to Fort Nelson, Quebec City, Gatineau, Saskatoon, Lethbridge, Red Deer and Regina.
The news may come as a surprise, given the city is repeatedly voted the least affordable place to live. What do you think of this study?
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