This Small City Outside Of Toronto Is One Of The Most Expensive Places To Rent In Canada
You won't believe how much it costs to live in this tiny city.
Canada's latest rent report revealed some very surprising truths about the most expensive places to rent across the country. Toronto, Vancouver, Montreal and Burnaby B.C. all made it into the top five, but so did another unexpected city - Barrie, Ontario.
Located two hours north of Toronto, Barrie's booming population sits at nearly 150,000. The average monthly rent for a one-bedroom apartment in Barrie is $1,380, roughly $90 more than renting a one bedroom in Montreal.
In Barrie, the demand for a one bedroom rental spiked by 3.8% last month. Demand for housing is growing at an unprecedented rate, and many are struggling to find an affordable place to live.
Two other small cities in Ontario are trailing closely behind. Oshawa, an hour east of Toronto, saw a 4.6% increase in monthly rent costs last month, averaging at $1,130 for a one bedroom place.
Kingston, Ontario also made its way into the top ten list of Canada's most expensive places to rent. With a population of just 120,000, renting a one-bedroom apartment is costing residents an average of $1,120 per month.
Meanwhile, renting in St. Catherines, Ontario is on the decline. No longer in the top ten, St. Catherine's monthly rent dipped to $1,110 for a one bedroom apartment. Kelowna, B.C. and Halifax, Nova Scotia also became more affordable last month. Windsor, Ontario sits at the bottom of the list, at $690 per month.
To see the full report, click here.
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