PadMapper Canadian Rent Report updated February 2021

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Padmapper Canadian Rent Report

Thinking about moving to Canada in the near future? Chances are, when you get here, you’ll be renting. This is the top 10 most expensive cities to rent in Canada, according to the PadMapper Canadian Rent Report.

The monthly report analyzes rental data from public listings across Canada.

The report found that the ongoing COVID-19 pandemic has effectively eliminated almost four years of price growth.

The last time rent was this low in Toronto, for example was in February 2017.

PadMapper said that the price decline might be attributed in part to the ongoing COVID-19 pandemic, which has accelerated the migration of renters from the cities to cheaper suburbian alternatives.

Average prices are for 1 bedroom rentals.

10. Hamilton, Ontario CAD$1,370.00

Hamilton is a Canadian port city at the western tip of Lake Ontario, with an estimated population of 767,000. It is one of Canada’s leading industrial centres, and accounts for a majority of Canada’s national steel output.

Average monthly rent for 1 bedroom apartments in Hamilton, Ontario costs an equivalent of PhP52,196.94.

9. Montreal, Quebec CAD$1,380.00

Montreal is the largest city in the province of Quebec, with an estimated population of 4,221,000. It is best known for its rich history and culture, as well as for hosting international events. Montreal is home to Cirque du Soleil.

Average monthly rent for 1 bedroom apartments in Montreal, Quebec costs an equivalent of PhP52,572.94.

8. Kitchener, Ontario CAD$1,390.00

The metro area of Kitchener-Cambridge-Waterloo in southeastern Ontario has an estimated population of 562,000. The city of Kitchener is best known for its annual Oktoberfest.

Average monthly rent for 1 bedroom apartments in Kitchener, Ontario costs an equivalent of PhP52,973.10.

7. Ottawa, Ontario CAD$1,450.00

Ottawa is the capital city of Canada, with an estimated population of 1,393,000. The seat of Canadian government is in the city, which is also well known for its tourist attractions.

Average monthly rent for 1 bedroom apartments in Ottawa, Ontario costs an equivalent of PhP55,251.95.

6. Kelowna, British Columbia CAD$1,450.00

Kelowna is the largest island city in British Columbia, with an estimated population of 142,146. It is surrounded by parks, pine forests, vineyards, orchards and mountains.

Average monthly rent for 1 bedroom apartments in Kelowna, British Columbia costs an equivalent of PhP56,014.05

5. Victoria, British Columbia CAD$1,570.00

Victoria is the capital of British Columbia, with an estimated population of 367,770. It is famous for its natural beauty, and is home to Canada’s oldest Chinatown.

Average monthly rent for 1 bedroom apartments in Victoria, British Columbia costs an equivalent of PhP59,824.53.

4. Barrie, Ontario CAD$1,650.00

The city of Barrie has an estimated population of 141,434. Barrie has become a summer and winter resort destination, with an economy based on services and manufacturing.

Average monthly rent for 1 bedroom apartments in Barrie, Ontario costs an equivalent of PhP62,872.91.

3. Burnaby, British Columbia CAD$1,650.00

Burnaby is the third largest city in British Columbia with an estimated population of 232,755. It is home to many industrial and commercial firms.

Average monthly rent for 1 bedroom apartments in Burnaby, British Columbia costs an equivalent of PhP62,872.91.

2. Toronto, Ontario CAD$1,740.00

Toronto is the capital of the province of Ontario, with an estimated population of 6,197,000. It is the largest and most culturally diverse city in Canada.

Average monthly rent for 1 bedroom apartments in Toronto, Ontario costs an equivalent of PhP66,302.34.

1. Vancouver, British Columbia CAD$1,940.00

Vancouver is one of the most ethnically diverse cities in Canada, with an estimated population of 2,581,000. Vancouver is a popular filming location for many international movies and TV series.

Average monthly rent for 1 bedroom apartments In Vancouver, British Columbia costs an equivalent of PhP73,919.08.

Check out the PadMapper Canadian Rent Report in full here.

SOURCE: PADMAPPER

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