Aleksandr Belov
Author and editor of the ultramodern-hotels.com blog
Top 10 most expensive cities in Canada to rent a one-bedroom: November 2022
How have apartment rental prices changed in Canada’s largest cities year on year? Rent prices have risen in all of Canada’s largest cities. In this article, we look at the average prices for renting a one-bedroom apartment in the ten most expensive cities in Canada as of November 2022. From November 2021 to November 2022, apartment rentals have risen in price from 6.20% to 25.00% depending on the city. In the city of Victoria (British Columbia), apartment rental prices rose the most (+25.00% yoy). Vancouver is second in terms of price growth, with one-bedroom apartments up 19.00% year-on-year. As of November 2022, Vancouver remains Canada’s most expensive city by rental value. The average rental price for a one-bedroom apartment in Vancouver is $2,500.
Top 10 most expensive cities in Canada to rent a one-bedroom apartment as of November 2022
1. Vancouver, BC
Average rent price = $2,500/per month
Year-Over-Year Price Change Rent (Y/Y %)
19%
2. Toronto, ON
Average rent price = $2,130/per month
Year-Over-Year Price Change Rent (Y/Y %)
18.3%
3. Burnaby, BC
Average rent price = $2,100/per month
Year-Over-Year Price Change Rent (Y/Y %)
14.1%
3. Victoria, BC
Average rent price = $2,100/per month
Year-Over-Year Price Change Rent (Y/Y %)
25%
4. Kelowna, BC
Average rent price = $1,960/per month
Year-Over-Year Price Change Rent (Y/Y %)
17.4%
5. Oshawa, ON
Average rent price = $1,770/per month
Year-Over-Year Price Change Rent (Y/Y %)
11.3%
6. Kitchener, ON
Average rent price = $1,760/per month
Year-Over-Year Price Change Rent (Y/Y %)
17.3%
7. Halifax, NS
Average rent price = $1,750/per month
Year-Over-Year Price Change Rent (Y/Y %)
16.6%
8. Barrie, ON
Average rent price = $1,720/per month
Year-Over-Year Price Change Rent (Y/Y %)
6.2%
9. St.Catharines, ON
Average rent price = $1,710/per month
Year-Over-Year Price Change Rent (Y/Y %)
17.9%
10. Hamilton, ON
Average rent price = $1,700/per month
Year-Over-Year Price Change Rent (Y/Y %)
18.1%
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