Vancouver remains Canada’s second priciest rental city: stats

Burnaby, Victoria, Kelowna and Abbotsford all made the list of 26 cities

It will come as little surprise to locals but Vancouver has hung on to its spot as the second most expensive city for apartment rentals.

In statistics released Wednesday, rental site PadMapper said the median monthly rent of a one-bedroom apartment in Vancouver was $1,990 in January, not far behind Toronto’s $2,060.

It’s not all bad news: Vancouver saw a 0.5-per-cent drop since last month in one-bedroom prices, while the median rent of a two-bedroom unit remained stagnant at $3,200.

The price of a one-bedroom in the city rose 4.7 per cent since the same time last year.

Burnaby rounded out the top three with the median one-bedroom costing renters $1,440 each month, up 0.7 per cent since December and up 15 per cent since January 2017.

The next B.C. city on the list was Victoria in sixth place, with an one-bedroom apartment costing $1,230 to rent each month – down 7.5 per cent since this time last year.

Kelowna’s median rent for the same unit went up 13.7 per cent, to $1,160, while Abbotsford’s rent came in a $850, up 6.3 per cent since last year.


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

New South Surrey-White Rock MP backs principle of pension reform

CARP members call on Liberals to enact legislation that puts pensioners first

Surrey school board says it’s in good financial shape despite $21M shortfall

Shortfall was $4.6 million higher than expected this school year in Surrey

White Rock councillor says circulating flyers are ‘total fear mongering’

Council critic Garry Wolgemuth says he stands by the information on the document

Surrey corner store robber sentenced

Manvir Singh Dhindsa entered guilty pleas related to three robberies

New group for parents of overdose victims launched by Langley mother

There is a lack of long-term resources for grieving parents

VIDEO: Top 10 B.C. budget highlights

The NDP is focusing on childcare, affordable housing and speeding up the elimination of MSP premiums

Team USA beats Canada 3-2 on the shootout to take home Olympic gold

Americans win their first gold medal since 1998

Two Haida men detained for crossing U.S.-Canada border

Edenshaw and Frisby travelled from Alaska to Prince Rupert for the All Native Basketball Tournament

Alberta takes out full-page ads in B.C. over strained relationship

It’s the latest move between the two provinces over progress on Trans Mountain pipeline expansion

B.C. teacher suspended over allegedly using N-word in worksheets

Trafalgar Elementary teacher under investigation by Vancouver School Board

Toddler swept away in Ontario floods

Toddler missing as flooding forces thousands from their homes in Ontario

BC BUDGET: New money helps seniors’ care shortage

Job stability for care aides key to recruitment, union leader says

Mixed messages on B.C.’s efforts to cool hot housing market

Economist says undersupply of homes in Metro Vancouver, Victoria and Kelowna will keep prices high

Foot found near Victoria belonged to missing Washington man

Coroner says no foul play suspected in death of 79-year-old Stanley Okumoto

Most Read