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Here’s the average cost of rent in major Canadian cities for October 2020

Once again, British Columbia and Ontario are the most expensive provinces to rent a room, or rooms, in Canada.

PadMapper's national rent report shows that Montreal is the only city outside of those two provinces to crack the top 10 for yet another month.

However, Canada's most expensive rental markets in Toronto and Vancouver continue to report a downward trajectory in prices.

Toronto's one and two-bedroom prices are down -11% and -12%, respectively, since this time last year.

Meanwhile, Vancouver’s one-bedroom rent has fallen -7.8% and two-bedroom rent has even dropped into the double digits with a -14.9% year-over-year dip.

<who> Photo Credit: PadMapper

Abbotsford, Halifax and St. Catharines all trended upwards in month over month prices, with Abbotsford seeing the largest jump at 5.3%.

The cities with the largest downward trends for September were Calgary, Barrie and Quebec City, which all saw one-bedroom rental prices drop nearly 2%.

To read the full rent report for October, click here.



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