Top 10 Most expensive cities to live in Canada: rental prices in July 2022

Posted by:Admin Posted on:Jul 4,2022

We have compiled a ranking of the most expensive cities in Canada to live with the highest rental prices for one and two bedroom apartments in July 2022. Vancouver is still the most expensive city to live in. Vancouver has the highest prices in Canada for renting one and two bedroom apartments. The average cost of renting a one-bedroom apartment in Vancouver is $2,240 per month. Rent has risen in price by 14.90% year on year. Toronto ranks second in the cost of renting an apartment among cities in Canada. The median rental price for a one-bedroom apartment in Toronto is $2,000 as of July 2022.

Which Cities are the Most Expensive in Canada? Average rental price for one and two bedroom apartments in July 2022

1. Vancouver

Average 1 bedroom rent price = $2,240/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
14.9%
Average 2 bedroom rent price = $3,300/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
20.9%

2. Toronto

Average 1 bedroom rent price = $2,000/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
11.1%
Average 2 bedroom rent price = $2,630/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
13.4%

3. Burnaby

Average 1 bedroom rent price = $1,960/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.3%
Average 2 bedroom rent price = $2,610/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
15%

4. Victoria

Average 1 bedroom rent price = $1,840/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15%
Average 2 bedroom rent price = $2,500/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
20.8%

5. Barrie

Average 1 bedroom rent price = $1,760/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
6.7%
Average 2 bedroom rent price = $1,940/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
6%

6. Kelowna

Average 1 bedroom rent price = $1,750/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.1%
Average 2 bedroom rent price = $2,310/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
28.3%

7. Oshawa

Average 1 bedroom rent price = $1,700/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
8.3%
Average 2 bedroom rent price = $1,900/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
15.2%

8. Kitchener

Average 1 bedroom rent price = $1,590/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.2%
Average 2 bedroom rent price = $1,840/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
15%

9. Ottawa

Average 1 bedroom rent price = $1,580/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
6.8%
Average 2 bedroom rent price = $1,850/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
5.1%

10. Kingston

Average 1 bedroom rent price = $1,520/per month
Year-Over-Year Price Change Rent (Y/Y %), 1 bedroom
15.2%
Average 2 bedroom rent price = $1,810/per month
Year-Over-Year Price Change Rent (Y/Y %), 2 bedroom
13.8%

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