British Columbia and Ontario continue to be the most expensive provinces to rent a room, or rooms, in Canada.
The two provinces dominate the list when it comes to the top 10 most expensive rental markets.
While Vancouver has overtaken Toronto as the most expensive rental market in Canada, both cities have seen prices drop significantly since this time last year.
Alberta's major cities managed to steer clear of the top ten, with Calgary and Edmonton ranking 17th and 20th respectively, both down multiple spots from the same time last year.
In Calgary, one bedroom units average out at $1,100 a month, while in Edmonton the average cost of a one bedroom home is $930.
On the east coast, Halifax leads the way at 13th with one bedroom units at $1,300 and two bedroom units at $1,680.
Overall, nine cities saw rent prices go up, while six stayed flat and nine others had decreasing rates.
One bedroom units in Abbotsford experienced the largest monthly growth rate in the nation, jumping 4.8% to settle at $1,310.
Meanwhile, Montreal fell out of the top 10 and into the 11th position with one-bedroom rent decreasing 1.4% to $1,360.
"Rents in the rest of the country seem to have stabilized as the earlier pandemic months of nationwide double-digit year-over-year declines have passed and are now only concentrated in the top two most expensive markets," states Padmapper's report.
To read the full report, click here.
