Living in a big city can be expensive. According to the most recent National Rent Report, the average monthly rent in Canadian cities increased by another 1.9% back June after previously going up 4% in May. The National Rent Report by Rentals.ca shows that Ontarians have it particularly bad with 10 out of 12 of Canada’s most expensive cities being located in the province.
According to the rent report, Ontario has led the way for average monthly rent in the second quarter of 2019 at $1,830, almost $300 more a month than British Columbia's average. According to the rent report, the average monthly rents for all property types have steadily increased in Ontario from October 2018 to June to $2,279.
All of this discouraging news begs the question - where are the cheapest cities in Canada? Well, according to data from MoneySense, the most expensive cities in Canada are the large cities as well as those in the Prairie Provinces and the North.
Their data also makes clear that while Ontario is home to Canada's most expensive cities for renting, it's also home to some of the cheapest. Canadians seeking more affordable rentals should look towards smaller cities in Ontario and Quebec.
Here is a list of the top 8 cheapest cities in Canada to live in:
1. Sault Ste. Marie, Ontario ($890/month on average)
2. Rimouski, Quebec ($600/month on average)
3. Saint-Georges, Quebec ($500/month on average)
4. Timmins, Ontario (Roughly $700/month on average)
5. Cornwall, Ontario (Roughly $700/month on average)
6. Quesnel, British Columbia ($700/month on average)
7. Bécancour, Quebec (Roughly $550/a month on average)
8. Sept-Îles, Quebec (Roughly $550/month on average)
As of 2019, Toronto continues to lead all cities for average monthly rent for one-bedroom homes at $2,266 CAD. Vancouver did manage to beat out Toronto when it comes to average monthly rent for two-bedrooms at $2,833.
Gatineau, Quebec City, and Lethbridge take up the lowest spots on the monthly rental list for both one and two bedrooms.
Here are the top 15 most expensive cities to rent in Canada, according to the National Rent Report for July 2019.