8 elm st, toronto, ontario, m5g 1g7.Rents in Vancouver are up 13.2% a year, leading the way. Rents for one-bedroom apartments in Vancouver have risen more over the past year than in all major Canadian cities.Please Visit: 8 elm st, toronto, ontario, m5g 1g7 to Get Your VVIP Registration Today!
The average monthly rent for an one-bedroom in Vancouver rose 13.2 per cent to 2176 yuan from December 2020 to December 2021, the report said. The rent for a two-bedroom in Vancouver is C $2983, an increase of 9.7% compared with December 2020. Rents for two-bedroom apartments in Toronto rose 11.64% during the year. However, the biggest increase in two-bedroom rents was in Gatino, Quebec, where rents increased by 18 per cent.
The average rent for an one-bedroom apartment in Canada has risen by 2.73%, and the rent for a two-bedroom apartment has risen by 3%.
The report says rents fell in the first year of the COVID-19 epidemic, but have now recovered.
The lowest point was in April 2020, a month after Canada announced the outbreak, down 9% from December 2019.
“it is too early to tell whether Omicron will have a long-term deflationary impact on the rental market, but Bullpen Research & Consulting and Rentals.ca still believe that rents in major Canadian markets will rise significantly in 2022,” said Ben Myers, president of Bullpen Research & Consulting.
Also in the past year, the average rent for an one-bedroom in Victoria has risen by less than 1 per cent to 1566 yuan a month.
The national rent report reflects all rentals.ca listings in 35 cities across Canada and analyzes monthly, quarterly and annual rents and trends in the national, provincial and municipal rental markets.
Zumper, a rental website, recently released its own monthly rent report.
In January, the rent for an one-bedroom apartment in Vancouver was 2130 yuan, while Toronto, in second place, was 1850 yuan. As for the two-bedroom, the average price in Vancouver is 3050 yuan, 27% higher than the 2400 yuan in Toronto.
