Vancouver’s average rental price for one-bedroom apartment jumps to $2,100

The average rental price for a one-bedroom apartment in Vancouver jumped 2.4 per cent last month to $2,100 per month, according to the latest Canadian rankings released by PadMapper.

Toronto, with a median asking rental price of $2,230, is the most expensive city in Canada to rent a one-bedroom apartment, followed by Vancouver, Burnaby ($1,580), Montreal ($1,410) and Barrie, Ont. ($1,360).

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PadMapper says the average asking price for a two-bedroom apartment in Vancouver rose 3.1 per cent last month to $3,330, far and away the most expensive average rent in Canada. Toronto was second at $2,830, followed by Burnaby ($2,300), Montreal ($1,730) and Ottawa ($1,570).