Aleksandr Belov
Author and editor of the ultramodern-hotels.com blog
10 Most Expensive Cities to Live in Canada: rental prices in June 2022
Rent prices have risen in many Canadian cities. In some cities in Canada, the rate of rent growth has reached double digits on an annualized basis. Among major cities, Quebec saw the largest increase in rental prices over the year. Renting apartments with 1 bedroom in Quebec has risen in price by 28% over the year, and apartments with 2 bedrooms – by 19.30%. The city of Kelowna also made the list of leaders in annual growth in apartment rental prices, with one-bedroom apartments up 21.60% year-on-year and two-bedroom apartments up 23.60%. The most expensive cities to live in are Vancouver (1 bedroom = $2,200) and Toronto (1 bedroom = $1,990). Prices are in US dollars.
Here's how much it costs to rent a one-bedroom and two-bedroom apartment in most expensive Canadian cities.(June 2022)
1. Vancouver
Average 1 bedroom rent price = $2,200/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
14%
Average 2 bedroom rent price = $3,140/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
17.6%
2. Toronto
Average 1 bedroom rent price = $1,990/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
11.2%
Average 2 bedroom rent price = $2,550/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
10.4%
3. Victoria
Average 1 bedroom rent price = $1,830/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.1%
Average 2 bedroom rent price = $2,380/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
15%
4. Kelowna
Average 1 bedroom rent price = $1,800/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
21.6%
Average 2 bedroom rent price = $2,200/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
23.6%
5. Barrie
Average 1 bedroom rent price = $1,680/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
-2.9%
Average 2 bedroom rent price = $2,040/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
14.6%
6. Oshawa
Average 1 bedroom rent price = $1,660/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
9.2%
Average 2 bedroom rent price = $1,880/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
14.6%
7. Kitchener
Average 1 bedroom rent price = $1,600/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.1%
Average 2 bedroom rent price = $1,860/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
14.8%
8. Ottawa
Average 1 bedroom rent price = $1,550/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
6.9%
Average 2 bedroom rent price = $1,850/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
6.9%
9. Hamilton
Average 1 bedroom rent price = $1,500/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
7.9%
Average 2 bedroom rent price = $1,900/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
13.8%
10. St Catharines
Average 1 bedroom rent price = $1,500/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
11.9%
Average 2 bedroom rent price = $1,790/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
12.6%
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