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

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.

Here’s How Much Money You Need To Earn To Afford A Home In Different Cities Across Canada

Those earning six figures will still need to save for 20+ years in some cities. 😭

It's time to start saving, Canada! A new report from the National Bank of Canada has revealed exactly how much money you need to be making to afford a house in some of Canada’s biggest cities — and nope, it’s not good news.

According to the data, shared in November 2021, housing affordability in Canada continued to get worse throughout the summer and into the fall of this year.

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Are you hoping the new year will bring you a pair of shiny new house keys?

Housing affordability has made homeownership a pipe dream for some people in Ontario, with prices rising and not expected to get any cheaper anytime soon, according to RE/MAX.

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You Can Build Your Dream House At The Bottom Of This Ski Hill In BC Listed For $99K

Your ski-in, ski-out dreams could become a reality ⛷️

There is a property for sale right now at the bottom of a ski hill in B.C., perfect for building a dream chalet.

If you love a unique real estate opportunity, this is about as good as it gets.

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Buying a home in Ontario can be expensive. In fact, it's apparently so hard to break into the market that some Ontarians are even taking out loans with the "Bank of Mom and Dad."

According to a report by IG Private Wealth Management, just under one-third of Ontario parents (30%) are willing to provide financial support to their kids to secure their homes in the province.

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