Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
The average rent for a one-bedroom apartment in Vancouver was $2,090 in June, according to new data from PadMapper, making the city once again the most expensive in Canada for that home type.
PadMapper data takes into account median rents for all homes that are currently available to rent or vacant. It does not include homes that are already rented out. It compiles averages using hundreds of thousands of apartment listings across the 26 largest markets in Canada.
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Toronto is not far behind Vancouver for one-bedroom rents; in June, the average was $2,070 – only $20 less than in Vancouver. Vancouver has consistently ranked number one since PadMapper started tracking the data in 2016, with one exception: in April, the average Toronto one-bedroom rent beat Vancouver’s average by $30.