Canada rent prices: Here's what's on the market | CTV News

2022-07-21 08:35:38 By : Ms. Manager Chen

Canada’s inflation rate jumped to 8.1 per cent for the month of June, according to data released by Statistics Canada on Wednesday. With the price of goods and services on a steady incline, Canadians are also seeing a rise in the average price of rental units across most major cities.

According to Zumper, a rental listing platform, three-quarters of major Canadian cities included in the company’s July report saw an increase in average rent prices for a one-bedroom apartment month-over-month.

In Vancouver, for example, the average price of a one-bedroom unit reached $2,300 per month in July, the highest price for a single-bedroom apartment in the country. Rental units in Toronto had the second highest average price per month at $2,100 for a one-bedroom unit. The average price of a two-bedroom apartment in the country’s most populous city is $2,700 per month. Rounding out the top five most expensive markets in Canada is Burnaby, B.C., Victoria, B.C. and Oshawa, Ont.

According to Zumper, the combination of low levels of unemployment with climbing interest rates is expected to drive up competition within the rental market space, fuelling the trend of rising rent prices Canadians have seen over the last few months.

Based on the average rental prices calculated by Zumper, CTVNews.ca has gathered a list of apartments currently available for rent across Canada.

(Lawrence Lu Photography / Baxter Welch, Vancouver Luxury Realty)

This private, garden-level unit features three bedrooms and two bathrooms. The open-concept kitchen is complete with stainless steel appliances and plenty of storage space, while the master bedroom comes with a walk-in closet and ensuite. Located in Vancouver’s South Main neighbourhood, the apartment is within walking distance of stores, restaurants and more.

Price: starting at $1,955 per month

With quartz countertops in the kitchen and vinyl plank flooring throughout, this apartment in West Kelowna has a modern feel. The floor plan consists of an open layout that includes two bedrooms, two bathrooms, as well as a spacious living and dining area. The unit also comes with a private balcony and in-suite laundry.

Price: starting at $1,368 per month

Property Size: 55.4 to 68.7 sq. m

This one-bedroom unit is a 15-minute drive away from downtown Calgary. In addition to a combined living and dining room, the apartment also features a four-piece bathroom. The building is surrounded by greenery and residents have access to a swimming pool and community tennis courts on-site. The nearby LRT station also allows for easy commutes into the city.

(Kamen Photos / Emily Loomis, The Loomis Real Estate Group)

Located on the ground floor, this Edmonton apartment has one bedroom and one bathroom, along with in-suite laundry. Rich brown flooring runs through most of the unit, which also includes a recently upgraded kitchen. Surrounding the apartment building are a number of shops, cafes and restaurants. Residents are also allowed to move in with their pets at no extra fee.

Price: starting at $947 per month

Property Size: 46.5 to 52.5 sq. m

About 50 square metres in size, this apartment in the heart of Regina features a large living area, kitchen and four-piece bathroom. The master bedroom also has its own walk-in closet. With public transit nearby, residents are easily able to travel around the city. The pet-friendly unit also has plenty of windows offering views of Central Park across the street.

Price: starting at $1,047 per month

This two-bedroom, one-bathroom apartment in Saskatoon comes with plenty of closet space for storage. The open-concept layout includes a kitchen that flows into the dining and living areas, while the white walls and grey flooring give the unit a fresh look. The apartment building is located within walking distance of parks, schools and public transit.

Spanning about 74 square metres, this apartment unit in Winnipeg’s Osborne Village neighbourhood has one bedroom and one bathroom. Newly renovated suites come with refinished hardwood floors, as well as high ceilings and large windows throughout. The unit also has electric baseboard heaters and air conditioning to help manage indoor temperatures.

(Houssmax / Kylie Solway, Royal LePage Signature, Camber Group)

Fully-furnished, this low-rise suite is located in the heart of downtown Toronto. In the kitchen is a centre island with an extended counter for a breakfast bar, as well as stainless steel appliances. The joined living and dining areas lead to a private balcony. Rounding out the rest of the unit is a master bedroom with a mirrored closet and a four-piece bathroom.

(Karen Power / Monu Arora, Re/Max Hallmark Realty Group)

This one-bedroom, one-bathroom apartment has a contemporary layout with large windows and an open-concert floorplan. Light maple floors and modern finishes are found throughout the unit, which also has a balcony offering views of Ottawa’s Glebe neighbourhood. The building includes a rooftop terrace with gas barbecues and a fitness facility.

Located in Old Montreal, this spacious unit with one bedroom and one bathroom has large windows throughout, ideal for letting light into the apartment. The unit is housed in an 11-storey building with easy access to subway service. Building amenities include a rooftop terrace with views of the city.

Price: starting at $860 per month

With one bedroom and one bathroom, this 55-square-metre apartment also features a spacious living area and newly renovated kitchen. The building has an on-site laundry facility as well as parking, and is located across from Bowring Park in St. John’s, N.L. A nearby bus stop means residents have easy access to transit services in order to commute to they city’s downtown core.

Three-quarters of Canada's major cities saw an increase in average rent prices for a one-bedroom apartment month-over-month in July, according to one rental platform. With prices in Canada steadily increasing, CTVNews.ca has gathered a list of apartments currently available for rent across the country.

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