It won’t surprise you to hear that Vancouver is the most expensive city to rent in Canada. But now we’re breaking records.
According to Padmapper, a website that collects rental data from 25 of Canada’s biggest cities, the average price of rent for a one-bedroom apartment in Vancouver just hit $2,090 a month.
The first time this type of property has cracked the $2,000 mark since Padmapper started tracking rental data.
In June the average price for renting a one-bedroom was $1,950. That’s a 2.5% jump in cost from June to July and year-over-year price of a one-bedroom in Vancouver has increased by 15.5%.
Similarly, rent for a two-bedroom grew by 2.5% in July to $3,230 a month.
Question: Do these numbers hold true for Kitsilano? Comment on this blog post with some real world information so that people new to the neighbourhood know what to expect.
Last modified: July 20, 2017