A New Study Shows Rent In Vancouver Is Now So Expensive Even Toronto Can't Keep Up

If you thought Toronto was expensive, look away now.

A New Study Shows Rent In Vancouver Is Now So Expensive Even Toronto Can't Keep Up
Volodymyr Kyrylyuk | Dreamstime, Jerry Coli | Dreamstime
Editor

Vancouver rent prices are known for being out of control, but now we can see just how much.

Zumper released a national rent report and Vancouver is at the very top of the list — beating out Toronto by $330 a month for a one-bedroom.

Zumper

The study looked at thousands of listings across 23 of the largest Canadian cities. Vancouver took first place with an average rent of $2,130 for a one-bedroom — growing 1.4% from this time last year.

Toronto took second place with rent climbing 1.7%, to an average of $1,800.

Two bedrooms in Vancouver go for an average of $2,900 now.

Barrie, Ont. took the third spot on the list, and Kelowna, B.C. was fourth.

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  • Morgan Leet

    Editor

    Morgan Leet (she/her) is an Editor for Narcity Media Group. After graduating from Carleton University’s School of Journalism and Communication, she jumped into fulfilling her dream as a journalist, merging her passion for travelling with writing. She got her start working in the print media world on Canada’s East Coast, then joined Narcity with a move to B.C., leading the launch of West Coast coverage. Her focus now is managing a large group of freelance writers, bringing human-forward and opinion content to the site.

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