RentSeeker.ca, Canada’s largest and most visited online apartment finder, has published the average rent prices and vacancy rates in cities across Canada.
RentSeeker.ca’s rental market infographic covers the average rent prices for studio, one, two, and three bedroom apartments. It also highlights the cities with the lowest and highest vacancy rates across the country.
Check out the key numbers below the infographic for a quick summary of cities with the highest and lowest average rent prices and vacancy rates.
Infographic
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Highest and Lowest Rent Prices (Averages)
No surprise here! Vancouver dominates with the most expensive rental prices in Canada. The real estate market in the Vancouver area has skyrocketed over the past few years driving the rent up with it.
On the other hand, Quebec City as well as Montreal and surrounding areas have not had such a great run within the real estate industry causing much lower rent prices in that region.
| Apartment Type | Highest Rent | Lowest Rent |
|---|---|---|
| Studio | Vancouver ($1,227) | Quebec ($595) |
| 1 Bedroom | Vancouver ($1,382) | Quebec ($745) |
| 2 Bedroom | Vancouver ($1,748) | Montreal ($855) |
| 3 Bedroom | Vancouver ($2,063) | Gatineau ($961) |
Highest and Lowest Vacancy Rates (Averages)
Interestingly these vacancy rates do not correlate with the average rent prices across the country. Average lowest vacancy rates are spread out throughout the country. However, the province of Saskatchewan is seeing the highest vacancy rates.
| Apartment Type | Lowest Vacancy | Highest Vacancy |
|---|---|---|
| Studio | Vancouver (0.7%) | Regina (11.8%) |
| 1 Bedroom | Victoria (0.9%) | Regina (9.7%) |
| 2 Bedroom | Halifax (0.9%) | Regina (6.3%) |
| 3 Bedroom | Whitehorse (0.5%) | Saskatoon (6.2%) |
Found this data useful? checkout our Spring 2019 rental market infographic.
